Wednesday, 24 September 2014

World Bank supporting the growth of SMEs in Rwanda

World Bank supporting the growth of SMEs in Rwanda
At the World Export Development Forum, Annabel Gonzalez, a senior Trade and Competitiveness Director at the World Bank said that Rwanda is one of those countries where work should be done very closely for the development of Small Medium Enterprises and fight against those obstacles which are coming in between the development so that they could contribute into the country’s income. Kenya and Ethiopia are also in the region of those countries which should be developing their (SMEs).  

Rwanda has accomplished a favorable business environment which would be significant in developing SMEs. "Rwanda has registered tremendous progress in terms of having a conducive business environment and the country occupies a favorable spot in the doing business rankings," Gonzalez said. The cause of being landlocked was non-penetration in the global market and the size of their market. "Once you have a pool of competitive SMEs, it is important to assist them enter global markets, because at times they are not familiar with the markets. We will be looking to see what is it we can do to help on this at enterprise level and further enhancing the trade environment through trade facilitation," she noted.  Read More.....


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