The Government of Rwanda, in partnership with the African Development Bank (AfDB) through its Fund for African Private Sector Assistance (FAPA), has launched a 2-year project aimed at “Enhancing the Quality of Industrial Policy in Rwanda (EQuIP project).
The project worth USD 550,000 is meant to build staff capacity from institutions under the Private Sector Development and Youth Employment (PSDYE) sector, namely the Ministry of Trade and Industry and its agencies, Rwanda Development Board and the Private sector. The ultimate goal is to build local capacity to design, implement and evaluate the impact of related industrial policies independently without/with minimum reliance on external expertise.
The project is expected to enhance the analytical capacity of beneficiaries, increase public-private coordination to improve the quality of industrial and private sector-oriented policies and build capacity within the Government and private sector to implement, monitor and evaluate the industrial development strategies and policies.
The project aligns with Rwanda’s ambition to achieve upper-middle-income status by 2035. The underlying economic goals of the industrial policy include creating over 200,000 jobs annually to promote development, positioning Rwanda as a globally competitive knowledge-based economy, promoting industrialization and shifting the export base to high-value goods and services.