Private Sector should play a more critical role in the development process

With the onset of the New Year, it is worthwhile to project the activities on the business landscape. At the local scene, there is no doubt there is a lot waiting to happen. Deepening business reforms to boost competitiveness of the economy, will occupy the minds of those tasked with this delicate job at Rwanda Development Board (RDB), as this is critical to attracting investment. 

With the onset of the New Year, it is worthwhile to project the activities on the business landscape. At the local scene, there is no doubt there is a lot waiting to happen.

Deepening business reforms to boost competitiveness of the economy, will occupy the minds of those tasked with this delicate job at Rwanda Development Board (RDB), as this is critical to attracting investment. 

Perhaps one of the most important news items expected this year, will be the transformation within the agricultural sector. Not only is agriculture attracting the eye of entrepreneurs as seen in last year’s investment figures, but massive new programmes championed by government will continue throughout this year.

The Ministry of Agriculture says that it is creating huge and seemingly lucrative opportunities for private capital to partake in the transformation of a sector that is seen as critical to the attainment of Rwanda’s aspirations.

For instance, well over 100,000 hectares of arable land is being made ready for agricultural production. Discerning investors with the means and expertise have, clearly an opportunity to participate as trusted partners in the envisaged transformation process.

The same applies to other sectors. This year holds huge promises of what could amount to be the greatest developments in the local telecoms industry. The same applies to banking where the entry of new players holds promises of driving the un-banked into the formal banking industry.

It is important to note that while the Government is playing its part in creating a favourable environment, the private sector has a prime role in the development agenda and should begin taking the centre stage.

Ends

Subscribe to The New Times E-Paper


You want to chat directly with us? Send us a message on WhatsApp at +250 788 310 999    

 

Follow The New Times on Google News