Private investments expected to grow in agriculture sector

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Private investments expected to grow in agriculture sector

A woman in Gicumbi district operating a ploughing machine.

The state minister for agriculture Tony Nsanganira is optimistic that private investments in agriculture sector are expected to boost, thanks to the recent efforts by government.

The  sector, although a favorably  large percentage to national GDP employs over 70 percent of the  population has been lagging behind in private investment with most money are financing from government.

“We have seen a changing trend in the numbers of private investments especially in mechanization and we expect to continue to grow,” he told this website on Friday.

The government is the largest financier in agriculture mechanization such as irrigation projects, machinery, which experts say there is need to reverse the trend to modernize the sector.

Recently, the ministry engaged the private sector to highlight opportunities in agriculture mechanization, which the government is banking on to increase productivity of the sector.

Niyonsaba Samuel, a farmer from Rubavu District believes that private investments especially in processing plants will help the have market for their produce thus increase incomes and quantity of produce.

“If we have enough processing plants it means we will be able to have a high negotiating power,” he said.

According to Rwanda Development board, the sector had a total investment gap of 41 percent over a period of three years (2009-2012), but the trend according to Minister Nsanganira has been improving.

Some of the key investments areas as highlighted by Rwanda Development Board include processing industries, flower production and park silk production and processing, packaging plant fertilizer manufacturing plant fresh wholesale food market and irrigation project, mechanization.

 

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About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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