Rwanda eyes Ginger to increase its export receipts
Written by: Administrator
Monday, August 12th, 2019, 12:50
As Rwanda strengthens efforts to boost export receipts to close its trade deficit currently staggering at $ 130 Million in May of 2019, horticulture mainly Ginger exports have been enhanced.
“High value horticulture is a key part of reaching our agricultural export goals,” said Ambassador George William Kayonga, Chief Executive Officer of National Agricultural Export Board.
The exports are expected to largely be produced by the recently established World Bank’s 1100 hectares land aggregation and irrigation project worth $16.5M on Muyanza Dam, in Rulindo district.
“By having the infrastructure already built, the landholders already aggregated, and a lot of room for expansion, we’ve been able to get our exports growing in a matter of months rather than years,” said Lauren Nkuranga, Founder & Chairman of GET IT.
He adds, “With the success of this project, we look forward to increasing our land under management in Muyanza and to increase our weekly export tonnage. The opportunity is massive”.
Accordingly, GET IT will manage the first 20 hectares of land with over 200 landholders aimed at shipping 2-4 tons weekly (8-16 tons monthly) to international markets, yet another contribution to the country’s import- export currency ratio which stands at every 3 dollars spent against 1dollar that is earned.
GET IT, a largest fresh food distribution company in Rwanda embarked on a ground breaking ceremony to cultivate ginger for export market.
Kayonga says that the agricultural export sector is “is thrilled to support GET IT to continue to demonstrate the horticultural export potential of Rwanda.”
In March, GET IT secured a $500,000 loan from Ceniarth, a single-family office investor from the USA as the start-up capital for the project. The company will provide a profit share to each landholder whose land they manage.
Additionally, it will hire 50 farm hands and 5 people in charge of irrigation maintenance which allows a win-win situation for the community and for GET IT.
“We couldn’t have done this project without the support from the government, particularly the leaders of Rulindo District. They have easily facilitated our working relationship with the community, associations, and landowners.” said Mark Sproston, President and CEO of GET IT.
Prosper Mulindwa Vice Mayor in Charge of Economic Development, Rulindo District is optimistic that production for export will help boost the economic transformation of the country and the district mainly changing livelihoods of people.
“High value crops like ginger will transform our community by creating jobs and being a source of income to this region. Working with companies like GET IT will enable us to deliver on economic growth to this community,” he said.
Accordingly, GET IT is set to transform food procurement and distribution in East Africa by connecting frontier market farmers, producers, and manufactures to formal markets. The company is the largest fresh food distributor in Rwanda. It combines off-grid cold storage technology and ISO-22000 food safety certification.