{"id":39174,"date":"2023-04-05T14:26:44","date_gmt":"2023-04-05T14:26:44","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/de-risking-agriculture-will-have-a-multiplier-effect"},"modified":"2023-04-05T14:59:10","modified_gmt":"2023-04-05T14:59:10","slug":"de-risking-agriculture-will-have-a-multiplier-effect","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect","title":{"rendered":"De-risking agriculture will have a multiplier effect"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Following the launch of the Rwf300bn project that seeks to extend low interest loans towards Rwandan farmers, this could be a new dawn for the industry on which close to 80 per cent of the country\u2019s citizenry depend for livelihood.<\/p>\n

The project, which was announced by the Prime Minister while appearing before a joint parliamentary session, is expected to, among others, de-risk agriculture, which will then help in the commercialization of the sector.<\/p>\n

While the entire country depends on agriculture for livelihood, it has for long remained among the most risk-prone business undertakings, which has led to less investment in the sector from which nearly 80 per cent of the population eke their living.<\/p>\n

Most commercial banks have been hesitant to lend towards agricultural projects because they consider them too risky, or where they have to, seek collateral from farmers which at times is not available.<\/p>\n

The consequence of this has been to leave the sector largely to subsistence farmers, whose yield continues to dwindle because of lack of investment in terms of inputs which is exacerbated by the shortage of land.<\/p>\n

De-risking agriculture therefore means the sector will then attract more investors which will not only bolster the country\u2019s food security, but also increase the volume of produce that Rwanda exports to foreign markets.<\/p>\n

For maximum impact, caution should be exercised in the disbursement of these funds. Enough education is important for prospective beneficiaries of the funds to first of all know that the money will be a loan, and not a grant, thereby working towards paying it back.<\/p>\n

This way, once repaid, the funds will then be disbursed to other beneficiaries along the agriculture value chain.<\/p>\n

The facility should only be looked at as a catalyst for more investments to be hauled into the agriculture sector, not just out of necessity, but also because it is profitable business.<\/p>\n

Rwanda every year expands its market reach through both multilateral and bilateral pacts the government signs with different entities and all these must be explored for potential destinations of our produce.<\/p>\n

However, to fully tap into these markets, there is need for value addition across board, and initiatives like the Nyagatare-based milk processing plant should be greatly encouraged.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Following the launch of the Rwf300bn project that seeks to extend low interest loans towards Rwandan farmers, this could be a new dawn for the industry on which close to 80 per cent of the country\u2019s citizenry depend for livelihood. The project, which was announced by the Prime Minister while appearing before […]<\/p>\n","protected":false},"author":84,"featured_media":39173,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,758],"class_list":["post-39174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nDe-risking agriculture will have a multiplier effect - Rwanda<\/title>\n<meta name=\"description\" content=\"Following the launch of the Rwf300bn project that seeks to extend low interest loans towards Rwandan farmers, this could ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"De-risking agriculture will have a multiplier effect\" \/>\n<meta property=\"og:description\" content=\"Following the launch of the Rwf300bn project that seeks to extend low interest loans towards Rwandan farmers, this could ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-05T14:26:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-05T14:59:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/04\/postQueueImg_1680688615.60.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"De-risking agriculture will have a multiplier effect\",\"datePublished\":\"2023-04-05T14:26:44+00:00\",\"dateModified\":\"2023-04-05T14:59:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect\"},\"wordCount\":388,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/04\/postQueueImg_1680688615.60.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/de-risking-agriculture-will-have-a-multiplier-effect\",\"name\":\"De-risking agriculture will have a multiplier effect - 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