The decision to let the plant go under management of private investor was taken by the recent cabinet meeting. The decision aims at making the plant more profitable and equipping Rwandans with skills in e-waste recycling.
The signing ceremony took place yesterday between the Minister of Trade and Industry, Vincent Munyeshyaka and the Chief Executive Officer of Enviroserve, Stuart Fleming.
Speaking in the ceremony, Munyeshyaka said that he is optimistic that the investor will help the government recover $1.5 million (Rwf1.26 billion) that was invested in the plant back in 2014.
He said that they have agreed on capacity building through different training programmes that will be offered to Rwandans.
Also the contract includes expanding the plant in infrastructures and machinery which will become the government property after ten years.
“Beside that there are financial profits as they will sell materials they will be producing. We have agreed that in those ten years he will be paying us 10 percent of money he will gain,” he said.
Enviroserve CEO, Fleming said that Rwanda continues to promote economy which preserves environment by establishing such a leading plant in Africa.
“E-waste is a matter of concern worldwide; this plant is a commendable achievement,” he said.
He said that they have conducted a feasibility study on how implementation will be conducted, and they are optimistic that e-waste will be turned into profitable investment.
According to Minister Munyeshyaka, in past years when the plant was under management of the government, they produced different materials which are being used in industries. He said they also recycled computers which are being used in Rwandan schools.