Commerce ministry will soon come up with the country’s first industrial master plan.
The plan will have up-to-date information about the country’s industries.
A senior government official says it will be a basis for planning and implementing of strategic industrial policies, either private or government thus accelerating industrial development.
For long, the ministry of commerce has been lacking up-to-date relevant information about industries.
With the industrial master plan, it is therefore hoped the document will ease the ministry’s work of managing and improving of domestic trade as well as highlighting investment opportunities in the sector.
Francine Umurungi, the director of trade and industries said an international consultancy company called AH consultancy Group has been contracted to carryout the designing and drafting of the industrial master plan.
Government and the consultancy firm signed the agreement last week. Research on all local industries is set to begin. The researchers will compile data on industries, including where they are located (map) and their conditions of operation among other related issues.
Umurungi said with the master plan, Rwanda would balance the socio-economic development in the country, by identifying opportunities to reduce disparities in entrepreneurship, ownership of productive assets and employment.