How can Rwanda achieve its US$1B target in agriculture exports?

Published 2021년 2월 4일

Tridge summary

Rwanda is aiming to reach an annual agriculture export revenue of $1 Billion by 2024, but faces challenges due to the COVID-19 pandemic causing disruptions in informal cross border trade and reducing export volumes and prices for commodities like coffee. To achieve the target, the country plans to diversify its exports beyond traditional coffee and tea, promoting non-traditional export crops and animal products. Other strategies include investing in commodity promotion, attracting high end markets, improving transport logistics and value addition, increasing funding for agriculture, and developing agro-processing to add value to exports.

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

Original content

Rwanda has a target to generate US$1B (Rwf1 trillion) in annual agriculture exports by 2024, which is more than double the current output by the sector. However, the path to achieve this is not as smooth, at least considering the prevailing circumstances Indeed, Rwanda’s agricultural exports amounted to over US$419.1M (about Rwf406 billion) in 2019/2020 down from US$465.4M recorded in 2018/2019, representing a decrease of 10 per cent, according to data from the National Agricultural Export Development Board (NAEB). It is to note that the country’s agricultural export earnings had dropped by 9.7 per cent from US$515.9M in 2017/2018 to US$465M in 2018/2019. The reduction in terms of revenues in 2019/2020 was attributed to the disruptions of informal cross border trade due to movement restrictions linked to the Covid-19 pandemic. This was disclosed by NAEB in its June 2020 report containing statistical data comparing the performance in 2019/2020 and that in 2018/2019. As a result of ...

Source: Furtherafrica