Key Achievements

Industrial Promotion

The industrial sector comprises 16% of national GDP, with construction accounting for more than half of this. Aggregated turnover grew by 11% in 2012 in the sampled industrial firms (RIS 2012), with average capacity utilisation of 65%.

Capacity under utilisation was considered particularly problematic for firms in manufactured consumer goods, construction materials and construction services. Average labour productivity for the sampled firms rose 6.7% in 2012.

MINICOM targeted 6 outputs in 2012/13 related to industrial development, and 10 of the 11 related targets were fully achieved (91%). MINICOM provided technical support to 55 industries and SMEs to expand production, and continued developing the Kigali Special Economic Zone (KSEZ).

Small and Medium Enterprises Development

SME turnover growth averaged 12.9% in 2012 based on a sample of 748 firms (SME Impact Assessment), with employment growing by 3.7%. SMEs identified capacity utilisation as a concern, with less than a third of firms considering themselves to be operating at an acceptable capacity level due to limited demand, access to credit and access to markets.

MINICOM set 4 priority outputs in 2012/13 for SME development. Under these, 15 of 16 targets were fully achieved (94%). The second phase launch of Hanga Umurimo drew in 13,363 business ideas, with banks ultimately receiving 1,219 proposal submissions worth RwF 11 billion, creating 11,483 off-farm jobs.

Strategies for 8 SME clusters are under development, and 3 Community Processing Centres are in the process of being equipped (dairy, leather and Irish potato).

There are now 5,610 registered cooperatives in Rwanda, with 1,877 having been inspected for good governance practices. RCA trained 1,003 Savings and Credit Cooperatives (SACCOs) in 2012/13 and inspected 670.

Thanks to continued mobilization, SACCOS continued to register strong performance. Membership increased by 19.3% compared to 2012-2013 reaching 1.9 Million members.

The number of account holders in SACCOs in 2012/13 was over 1.5 million, up by 30.5% from the previous fiscal year. Savings and deposits increased by 27.1%, up to RwF 36.9 billion in 2012/13, disbursed loans have risen sharply, with RwF 27.6 billion disbursed in fiscal year 2012/13 compared to RwF 3.6 billion in fiscal year 2011/12 while cumulated loans were RwF 46 billion, increasing by 153% from the previous year.

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