RDB’s Niyonkuru on how Rwanda plans to reboot its manufacturing sector

Rwanda's manufacturing sector is on the path to recovery after facing significant challenges due to the COVID-19 pandemic. The sector was severely impacted by the global crisis, with a projected decrease of 6.3% in the GDP for the fiscal year 2020-2021. However, recent data indicates a notable rebound in manufacturing activities, driven by increased demand in key areas such as processing, construction materials, and fast-moving consumer goods. Zephanie Niyonkuru, Deputy CEO of the Rwanda Development Board, sheds light on Rwanda's efforts to revitalize the manufacturing sector through the 'Manufacture and Build to Recover Program' aimed at attracting private sector investments and spurring economic growth. The program offers a range of incentives to existing companies and new investors, including tax breaks on imported materials, to encourage expansion and new ventures in manufacturing. This strategic initiative has already shown promising results, with a noticeable uptick in manufacturing output and positive growth rates in key sub-sectors. Rwanda's trajectory towards economic resilience and sustainability hinges on the success of its manufacturing industry, and the government's proactive measures signal a hopeful outlook for the sector's future.