Diplomatist Magazine Rwanda 2018 | Page 25

R wanda's annual agriculture sector growth rate increased to 7 percent in 2017 from 4 percent the previous year. Its contribution to GDP increased to 31 percent in 2017 from 28 percent in 2010. The crop intensifi cation programme was introduced in 2007 as a pilot program with the main goals of increasing agricultural productivity in high-potential food crops, safeguarding food security and self-suffi ciency. Rwanda has also championed a new model of increasing food production known as developing various “food baskets”. The notion concentrates on activities and investments in explicit locations that have comparative advantages in particular commodity chains. The new food baskets regions are intended to boost production, develop new industries and create much-needed off-farm employment. They bring advantages over alternative approaches through the encouragement of specialisation, ensuring proximity between producers and processors, and leverage of private investment in pre-packaged opportunities. Rwanda’s position in the region yields it a set of exceptional natural advantages for investors seeking opportunities in the agri-business sector. The timing is just right for sector investors as an amalgamation of favourable factors developed over time which can work to the advantage of those wishing to participate in what Rwanda’s agribusiness offers. Rwanda’s abundant rainfall, temperate climate, and rich volcanic soils offer perfect conditions for investment in agriculture. The government of Rwanda at all levels is dedicated to facilitating private investment in the economy, and factor costs are competitive, with the rural law, low-land lease rates, ample water resources for irrigation, and improving transport and power costs. Investors should embrace the newly developed Agricultural Land Lease Client Charter along with standard Contract & Corporate Farming Models – streamlining the process of leasing land for agricultural use. Dairy Production & Processing Invest in dairy production and processing Rwanda is well placed to serve growing global, regional and local demand for fruit, fl owers, and vegetables. There also happens to be high government ambition in the horticulture sector. and take advantage of Rwanda's conditions and serve a growing and under-served middle- class in the EAC. In the past 10 years, the total production has increased (189,827 MT in 2007 to 706,030 MT in 2014) and the demand for dairy products consumption has outstripped the local production. Demand for milk currently exceeds supply. The potential estimated demand (Kigali Market) for pasteurized milk products is 680,000 L/day, with sales estimates of 83,000 L/day. Rwanda produces 2,100,000 liters of milk daily (and increasing), 15 percent of which fi nds its way into the formal market. Demand in urban and suburban markets for good quality fresh milk is unsatisfi ed with vendors normally running out of supply by the middle of a business day and vendors earn over 100 percent return annually. Horticulture production for export There is a big opportunity to invest in horticulture production by taking advantage of Rwanda's excellent growing conditions to serve unmet growing year round demand in the EU and Middle East market. While demand in the main importing regions (EU, North America) remains flat, domestic production is declining. This together with changing consumer preferences favours imports from equatorial regions. Rwanda is well placed to serve growing global, regional and local demand for fruit, fl owers, and vegetables. There also happens to be high government ambition in the horticulture sector. The Government targets to increase exports from $6mn today to $140mn by 2020. Investment opportunities in the animal feed sector Investing in the production of Animal Feed in Rwanda is an advantage because of the country's increasing demand for the same. Livestock development sub-sector in Rwanda contributes about 10 percent to the GDP and about 3 percent of the agricultural GDP, with about 65 percent of families raising some type of livestock. Countrywide, the livestock population has been signifi cantly increasing from 2005 2018 • RWANDA • 23