RDB registers Rwf 6.6bn projects in October

A total of 6 investment projects worth Rwf 6.6 billion have been registered in the month of October 2009, according to information availed by the Rwanda Development Board.

A total of 6 investment projects worth Rwf 6.6 billion have been registered in the month of October 2009, according to information availed by the Rwanda Development Board.

A statement from RDB published on Tuesday said that the investment projects are in three sectors.

The Hotel and Restaurant sector, it states, happens to receive 4 new entrants in this month with an investment value of Rwf 3.6 billion and promising to create 74 new jobs upon implementation.

On the other hand, the new single project in the mining sector promises to create the most number of jobs - 211 in total, when implemented. The projects value is marked at Rwf 2.8 billion.

RDB also reports 1 new project in the area of packaging that has an investment value of Rwf 2.1 billion and promising 15 new jobs.

RDB also reported the launch of the Rwanda chapter of Fair Trade Movement which it says is geared towards facilitating Rwandan exporters in getting fair trade certification, a measure that will help exporters to access greater regional and global markets.

RDB held a meeting with stakeholders of the agricultural sector to discuss measures that can be undertaken in order to invest wisely in the specific communities where they operate.

According to the report, this will help in the general reduction of rural-urban migration and also encourage the extension of education and health services to these rural areas. 

During the 3rd quarter of 2009 (July – September), RDB said it registered total investments worth Rwf 23.22 billion giving an average of Rwf 7.74 billion per month.

As a result of these investments, 819 jobs were created.

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