Cassava farmers in Ruhango District and entire Southern Province are expected to improve their yields following the inauguration of a Cassava Processing Plant in the area.
The Plant worth US$ 10Million funded by Rwanda Development Bank was Inaugurated last week.
Robert Runazi, the plant manager, said the factory has capacity to process 60 tons of cassava for 20 tons of flour per day according to the standards required.
“We envision that the remaining 40 tons are used in the manufacture of starch, animal feeds and in protecting the environment,” he added.
A kilo of cassava will be sold at Frw50 as factory price.
Jack Kayonga the Chief Executive Officer of the Rwanda Development Bank (BRD), said that the factory had been promised by the president during his last visit to Kinazi.
“The factory cost US$10million funded by BRD. However, we plan to sell shares to the public in the next days,” said Kayonga.
The Mayor of Ruhango district said the factory has just solved the problem of cassava production in large quantities in the region.
BRD was established August 5, 1967. On April 26, 2011, the Rwanda Development Bank officially acquired the Housing Bank of Rwanda (BHR) at a ceremony organized by the Minister of Finance and Economic Planning, John Rwangombwa.
The objective of this acquisition is to achieve sustainable growth by making BRD stronger and better positioned to provide long-term loans, housing mortgages, refinancing and other financial services that will improve the access to financing in Rwanda.
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