NGOMA - District authorities have finalised plans to privatise certain components of the newly constructed multi-million market in Kibungo town.
Ngoma Mayor, François Niyotwagira, confirmed the new move, in an interview with The New Times on Thursday.
He said that the district sunk in Rwf 471 million to complete the new market.
“It is a modern market that we want to use to improve the income of the district and its people. We are yet to open it officially because we intend to privatise most of its components for to ensure its proper management,” he said.
The Mayor noted that the market is expected to boost the town’s economy in many ways.
Charles Ntageruka, the Vice Mayor in charge of Economic Affairs, reiterated the importance of privatising the management of the market, saying that the district made the decision to leave some of the market’s day to day management to those capable of doing so.
He said the district’s long term objective is to maximise revenues, and that the new market would help them achieve their objective.
“We shall mainly privatise the VIP section which is actually more of a shopping arcade…The other part can be managed by the district,” he said.
With the completion of construction works, traders are eagerly waiting for its opening.
“I look forward to selling my bananas from there,” said Jean Claude Ndahayo.
“ I salute the district’s leadership for making this happen,”.