WEF_GrowAfrica_AnnualReport2014

2013 in Review 2013 in Review
LETTERS OF INTENT
The Year in Numbers
2013 action for transformation
A selection of companies engaging in each country have outlined their investment plans by signing “Letters of Intent”. Grow Africa has
not yet worked with Rwanda for a targeted promotional effort to generate such commitments, so we have relatively few companies
from which to gather progress reports. Nonetheless, for 2013, the following statistics aggregate any data shared by these companies in
the spirit of mutual accountability.
5 Companies have
Letters of Intent (LoIs)
IMPLEMENTATION PROGRESS REPORTED
0% Complete
0% Performing well
50% On plan
4 of 5 companies provided data.
50% Minor problems
0% Major problems
0% Cancelled
$1.4 million of investments made in 2013
$1.4 million of capital expenditure.
Planned investment
estimated at $4.9 million
1 of 5 companies provided data.
Leadership and alignment
•¡
Top-level support from government exists
due to alignment of institutions to the
country’s Vision 2020 and the government’s
Economic Development and Poverty
Reduction Strategy (EDPRS 2) for 2013-
2018.
•¡
The key focus of both strategies is the
promotion and facilitation of exports.
Strategy setting
•¡
Given the relatively small size of Rwanda
and the current cooperative subleasing
model, the approach that has been adopted
is land consolidation into nucleus farming
blocks, with a view to maximising yields
and efficiency.
•¡
Under this system, Rwanda has created
quality premium products and premium
production hubs within which smallholder
farmers are hired by companies that
sublease parcels of land for often generous
periods of time.
Risk mitigation and financing
•¡
Private-sector insurers and agricultural
companies are now providing crop and
weather insurance, including the Rural
Investment Facility II and Agricultural
Guarantee Fund supported by the
World Bank and the Dutch government
respectively.
•¡
Microfinance initiatives are facilitating
farmers’ access to credit and stimulating
agri-credit supply.
Infrastructure and policy
•¡
Investments in hard infrastructure are
on-going and are now channelled under
an investment agenda focused on the
urbanisation of five sub-cities, including
feeder roads from farm to market.
•¡
Construction of duty-free Special Economic
Zone near airport, which serves as a
convenient hub for the East African region,
now entering second phase. First phase
leasing booked and closed.
3 of 5 companies provided data.
Investment pipeline
Delivery and implementation
OUTCOMES REPORTED FOR 2013
296 jobs created:
1000 smallholders reached:
•¡
There are currently 15 projects in
MINAGRI’s investment pipeline.
•¡
MINAGRI is currently prioritising
horticulture, input privatisation, cash crops,
and processing.
•¡
The Rwandan government is dedicated
to private-sector investment and relevant
ministries collaborate on projects deemed
vital to growth of the agriculture sector.
•¡
MINAGRI now conducts quarterly
public-private partnership meetings
between private sector and government
stakeholders, addressing investors’ needs
42% 58%
21% 79%
2 of 5 companies provided data, of which
100% was gender disaggregated.
1 of 5 companies provided data, of which
100% was gender disaggregated.
146
Rwanda
Rwanda
147