Rwanda's $502m Agricultural Investment Opportunities 'Offer Prosperity Prospects'

A transformative multimillion-dollar investment plan has been envisioned by the Ministry of Agriculture and Animal Resources with the support of the Food and Agriculture Organization , which could significantly reduce poverty, malnutrition, and stunting.

The initiative prioritizes territories where poverty and hunger are highest and capacities are limited due to natural or man-made crises. The selection of districts for the initiative considered criteria such as high poverty rate , high malnutrition and stunting, and high unrealized agricultural potential with unemployment, particularly of youth.

Speaking during the National Investment Forum of the Hand-in-Hand Initiative, which was held on April 23 in Kigali, FAO Representative to Rwanda Coumba Dieng Sow said that the initiative was meant to find a way to quickly lift people out of poverty, create employment, address malnutrition through agribusiness, and address vulnerability to climate change effects.

"These are investment plans that have been done by experts . And what they told us is that, actually, you can get as high as 29 percent internal rate of return on some of these value chains," he observed, pointing out that while most of the country's loans go to real estate and hotel businesses, they cannot guarantee more than 15 percent internal rate of return.

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