{{Banana Farming in Rwamagana is expected to be transformed into profitable venture following new technology that will enable production of paper from banana waste.}}
A paper manufacturing factory will be established in Rwamagana and will be completed January 2014, at a cost of $1.7 million.
Rwamagana district Mayor Nehemie Uwimana, urged Rwandans to invest in this venture because it is bankable. Each share will be bought at Rwf589,000”.
Rwamagana district Mayor Nehemie Uwimana, said, “The factory is almost complete…it is great that we are going to use the most abundant raw material in our district. Bananas are grown almost by every family in our and neighbouring districts.”
Mayor Uwimana also said that through the chamber of commerce at the district, they have the commitment from Erasmus, an international investment company which will acquire a 75% stake in the plant, while the rest of the shares will be released to the public.
Leave a Reply