Rwanda: Why U.S.$500 million chilli deal with China is a huge opportunity for Rwanda

Published 2021년 8월 11일

Tridge summary

Rwandan entrepreneur, Dieudonné Twahirwa, has secured a deal to supply 50,000 tonnes of dried chilli to China annually, worth $100 million, a deal expected to significantly boost the country's agricultural exports. The first sample of dried chilli from Rwanda has been received in China, and the first major consignment is expected to be dispatched this week. The demand for this deal cannot be met with the current chilli production, and strategies to increase production include expanding plantations and mobilizing more farmers. The financing process for this deal is a challenge for Twahirwa due to loan security requirements and the large amount of money required. The government of Rwanda is providing support to Twahirwa and promises to ensure that the produce from Rwanda fulfills set standard requirements.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On September 13, 2019, Rwandan young agribusiness entrepreneur, Dieudonné Twahirwa, landed a deal to supply 50,000 tonnes of dried chilli worth $100 million (about Rwf100 billion at the current exchange rate) every year to China, a move expected to significantly boost Rwanda's agricultural exports. The anticipated revenue is more than what's presently generated by tea, or coffee, the two long-time major traditional cash crops for Rwanda. The five-year deal was signed at the Rwandan Embassy in Beijing between Twahirwa and the Chinese GK International Enterprises, a trading company dealing with import and export of different items, including food items, solar coating, among others. Women dry chilli at a farm in Bugesera District last year. Photo: Jean de Dieu Nsabimana. Overall, the agreement means that dried chilli worth $500 million will be exported to China in five years. Also known as Diego, Twahirwa is the Managing Director of Gashora Farm, which specialises in chilli exports. ...

Source: All Africa