Rwanda seeks $1.7 billion investment to boost agriculture opportunities at Africa Food Systems Forum

At the 2024 Africa Food Systems Forum, Rwanda launched the “Rwanda Legacy Program,” highlighting the need for $1.68 billion in investments to develop major agricultural and livestock sectors. With a focus on avocados, chillies, and poultry, the program aims to enhance food security, create jobs, and expand exports.

Presided over by Prime Minister Edouard Ngirente, the initiative aims to transform Rwanda’s agricultural sector through innovative partnerships and sustainable investments. According to Minister of Agriculture Ildephonse Musafiri, the goal is to make Rwanda more resilient in food security while contributing to its economy, where agriculture accounts for 27% of the GDP.

The program’s four components include agriculture, livestock, innovative finance, and governance. Rwanda’s avocado and chilli sectors hold tremendous potential, with targeted investments of $143.5 million and $470 million respectively. Avocado exports are expected to grow significantly by 2028, while chilli production aims to increase fivefold over the next six years.

Rwanda’s achievements in agriculture, including receiving the Malabo Target Award four times, have positioned it as a model for other African nations. Through strategic investments, the Legacy Program seeks to build on this success, driving Rwanda’s agricultural growth and strengthening its position in global markets.