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VENTURES AFRICA – The Dutch government, through an Agri-Sector Development Fund (ASDF) has invested an estimated $2.7 million into Rwanda’s agricultural sector and develop more Dutch-Rwandese partnerships.
According to an official statement, the ASDF will contribute to projects initiated to advance the agri-sector of Rwanda.
Speaking at the launch of the fund in Kigali, Permanent Secretary of Rwanda’s Ministry of Agriculture, Ernest Ruzindaza, said the fund was key to reducing farmers troubles in accessing funds and improve their production.
“I am privileged to be here launching this facility that is going to improve the lives of Rwandans,” he said.
He also urged managers of the fund to assist farmers who need it.
With its fertile ecosystem, Rwanda’s economy is based mostly on subsistence agriculture. The East African country, however, relies heavily on importation, as food production have not kept pace with population growth.
While advocating for more financing, Ruzindaza said the new fund will improve food production levels in Rwanda.