Export Growth Fund (EGF): Nurturing SMEs, closing the export deficit gap

Rwanda’s ‘small exporters’ decry the many challenges that are hindering their ability to participate competitively in trade. The business requires lumpsums of money to run smoothly.

By GEOFFREY WAKIBI

Rwanda’s ‘small exporters’ decry the many challenges that are hindering their ability to participate competitively in trade. The business requires lumpsums of money to run smoothly. These exporters have less capacity to secure funding for their ventures. Many of them have applied for loans from all the commercial banks in town but all in vain.

This has become a common problem being faced by numerous small exporters in the country The Ministry of Trade and Industry (MINICOM), under the fourth pillar of the National Export Strategy, established the Export Growth Fund (EGF) that will be managed in partnership with Development Bank of Rwanda (BRD).