Private Sector Development

PRIVATE SECTOR DEVELOPMENT

Rwanda’s economic development has been remarkable, annual growth rates averaged at eight per cent over the past two decades. However, many local companies are operating in the informal sector as unregistered micro-enterprises which are not very competitive and cannot harness the long-term potential for growth. Developing a competitive private sector remains one of the country’s priorities.

In strong cooperation with relevant public and private partners, Eco-Emploi supports strategic interventions to improve the competitiveness of micro, small and medium enterprises (MSMEs) and cooperatives in the tourism, wood and audio-visual value chains. For example, it supports MINICOM in the cross-sector implementation of the Private Sector Development and Youth Employment Strategy and the Entrepreneurship Development Policy.

Some interventions

Support to Private Sector Federation

Eco-Emploi supports the Private Sector Federation (PSF) in extending and improving its business development services to its members, such as technical advice on financial management, including the establishment of a permanent service desk within PSF.

Moreover, the project supports the operationalization and financial sustainability of the Imanzi Business Institute (IBI) of PSF with a focus on developing business management trainings for MSMEs and cooperatives to improve their management capacities.

Support to Rwanda ICT Chamber

The project specifically supports the promotion of digital solutions in the tourism and audio-visual value chains, for example, by supporting online booking systems to improve service provisions in the tourism value chain. Eco-Emploi advises the Rwanda ICT Chamber on the implementation of the ICT Strategy for private sector digitalisation and in establishing a digital business institute.