KIGALI,– Rwanda on Thursday extended its Manufacture and Build to Recover Program for a period of two years to strengthen private sector investments in manufacturing, construction, and agro-processing sectors, among others.
The program, introduced in 2020 to support the recovery of businesses severely affected by the COVID-19 pandemic, was scheduled to end after 2022.
“The government of Rwanda has extended the Manufacture and Build to Recover Program for two years to support the economic recovery of private investments in key sectors of the economy,” said Prime Minister Edouard Ngirente while speaking at the launch at the Invest Rwanda Forum in the Rwandan capital of Kigali.
He called upon private investors to take advantage of the program and apply for funds to support the recovery of their businesses.
Clare Akamanzi, chief executive officer of the Rwanda Development Board, said over 100 projects in the manufacturing, agro-processing, construction, and real estate sectors are benefitting from the incentives of the program.
According to him, the goal of the program is to reduce set-up costs and operational costs for both new and existing companies. – Xinhua