RDB demonstrates investment opportunities in Eastern Province

On 25 November 2017 at 01:48

Rwanda Development Board (RDB) has explained different investment opportunities available in Eastern Province and urged investors to explore them so that they contribute to the development of the country.

The call was made yesterday in Gatsibo District in the meeting that brought together RDB officials and Eastern Province investors.

The meeting aimed at showing investors available opportunities so that they can exploit them.

According to RDB, Eastern Province soils are agricultural and animal resources friendly, but investors should go beyond that.

As the province rich at growing bananas, RDB called on investors to consider processing them so that they can be exported.

RDB says that Akagera National Park tourists return to Kigali for lodging due to lack of suitable hotels in the province.

In the province also, fishery still lags behind though it is rich on lakes and water bodies, RDB called investors to explore opportunities in these lakes so that they contribute in reducing the quantity of fish the country imports.

Investors were also called on to invest in green beans cultivation, coffee, and milk and meat processing.

RDB Chief Operation Officer, Emmanuel Hategeka told investors that they should explore all the opportunities available in the province based on priorities RDB has set to ease doing business.

“We have been working for a proper investment development in the country by reviewing laws, institutions by tracking obstacles in investment sector. In past 15 years we did 52 reforms but we make three reforms yearly, but the process is yet over” he said.

He said that they plan to reduce investment cost as well as reducing prices for materials needed by investors.

The Private Sector Federation vice-chairman in Eastern Province, Charles Gasana said that though investment opportunities are available in the province investors still have some challenges.

“We thank all approaches put in place by RDB to facilitate us in doing business, however, we still face access to finance constraints and poor skills among investors” he said.

He said in the province they still have water and electricity shortage problem.

However, Gasana explained that different infrastructures are being constructed to help investors work better.

He said commercial complexes are being constructed in different districts to help investors find better working places.

He said Rwf1 billion commercial complex is being constructed at Rusumo Border Post in Kirehe District, another one in Ngoma District worth Rwf700 million, in Kayonza they are constructing Rwf1.5 billion-worth commercial complex and Modern Market worth Rwf3.5 billion that is being constructed in Ramagana District.