UMURENGEZIUMURENGEZI
Notification Show More
Latest News
E-wastes: Environmental and Health Poison, Rwanda Mitigation on Top
1 week ago
Climate Fund Managers Make History with Unprecedented Debt-for-Climate Conversion to Safeguard Galapagos Islands
2 weeks ago
The Mounting Perils of Plastic
2 weeks ago
Climate Change Impacts: Governments Must Invest in Mental Health Infrastructure
2 weeks ago
Let’s Visit Lavigerie Missionary Center, a center with modern Accommodation
3 months ago
Aa
  • HOME
  • SOCIAL LIFE
  • HEALTH
  • AGRICULTURE
  • TOURISM
  • ENVIRONMENT
  • POLITICS
  • ENTERTAINMENT
    • SPORTS
  • EDUCATION
  • TECHNOLOGY
  • KINYKINYKINY
Reading: Border market worth $3 million handed to Rubavu district
Share
Aa
UMURENGEZIUMURENGEZI
Shakisha
  • HOME
  • SOCIAL LIFE
  • HEALTH
  • AGRICULTURE
  • TOURISM
  • ENVIRONMENT
  • POLITICS
  • ENTERTAINMENT
    • SPORTS
  • EDUCATION
  • TECHNOLOGY
  • KINYKINYKINY
Follow US
Economy

Border market worth $3 million handed to Rubavu district

UMURENGEZI
UMURENGEZI 7 months ago

A cross border market worth $ 3 million that has been constructed for two years was yesterday handed to Rubavu district officials. The market located at “Petite Barrière” will be used by traders from Rubavu and the Democratic Republic of Congo (DRC).

Patience Umutesi, The CEO of East Africa Trademark which funded the construction of the market assured that the support to facilitate cross border trade will be sustained.

“Construction of this market built within two years took $ 3 million which also catered for renovation of a road to remove trade barriers,” she said.

The cross border market has 192 trading rooms and 5 freezers.

- Advertisement -

Trade Mark East Africa plans to build more similar markets in Rusizi and Rutsiro districts.

Rubavu district vice mayor for economic affairs, Janvier Murenzi revealed that the market is among infrastructures reinforcing strategies to meet the district’s goal to become trade and tourism hub within six years.

“The market will facilitate inter-trade with DRC citizens. It will promote exports because it has a particular section designed for improvement of Made in Rwanda products,” he said.

The Director of Private Sector Federation (PSF) in Rubavu District, Jeannette Kayumba Nyota highlighted that the market will ease businesses for women who used to make long walks carrying loads.

“The market comes at the right time because we receive many traders from DRC. There will be no more long walks to get goods. Both Congolese people and Rwandans will be exchanging goods here at the border,” she said.

The Permanent Secretary at the Ministry of Finance and Economic Planning (MINICOM), Michel Sebera requested residents to maintain the marker infrastructures.

You Might Also Like

Bank of Kigali gets Rwf 30 billion credit to finance SMEs

Rwandan’s GDP uptick, strong market fundamentals offer hope

China’s foreign trade of goods up 10.4 % in first 7 months

UMURENGEZI November 8, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Enter Captcha Here : *

Reload Image

Follow US

Find @umurengezi On
12.3k Like
9k Follow
21.5k Follow
1.3k Subscribe
Popular News
Sports

World Cup 2022: England arrive in Qatar ready for ‘pinnacle of world football’

UMURENGEZI UMURENGEZI 6 months ago
World Cup 2022: Beer sales banned at World Cup stadiums in Qatar
VOA Journalist arrested in the Eastern DRC
Funeral is called off at the last minute when the ‘dead man’ turns up alive and well in Kenya
4G Internet access reaches 95% countrywide
- Advertisement -
Ad imageAd image

Related News

Economy

Bank of Kigali gets Rwf 30 billion credit to finance SMEs

7 months ago
Economy

Rwandan’s GDP uptick, strong market fundamentals offer hope

7 months ago
Economy

China’s foreign trade of goods up 10.4 % in first 7 months

7 months ago

©Umurengezi Group - All Rights Reserved. Designed by Tumukunde Dodos

Removed from reading list

Undo
Urakaza neza!

Sign in to your account

Lost your password?