Rwanda’s Prime Minister Edouard Ngirente launched the second phase of the ‘Manufacture and Build to Recover’ programme (MBRP) at the Invest Rwanda Forum held on 2nd March 2023 at the Kigali Convention Center.
The program was initially introduced in 2020 to incentivize investments in the manufacturing, agriculture, construction, and real estate sectors and has so far attracted over $1.7 billion in investments that will create over 36,000 jobs. The Rwandan government has extended the MBRP to 2025 to attract more private sector investments.
Manufacturing Africa (MA) welcomes the extension of the MBR programme whose goal is to reduce set-up costs and operational costs for both new and existing companies. MBRP incentives include import duty exemption for imported construction materials not available within the East Africa Community (EAC), VAT exemption on construction materials imported from outside the EAC, and machinery, raw materials and construction materials sourced locally.
The MA Rwanda country team participated in the forum which featured networking and learning sessions on various investment-related topics. They interacted with key decision makers, manufacturers and financial institutions interested in the manufacturing sector.
During the session on Funding opportunities for MBRP projects, the team made a presentation that outlined the support available through MA’s transaction facilitation assistance for eligible greenfield and brownfield companies. The interactions produced potential leads for origination and funding opportunities for deals in the MA pipeline.
MA will continue to partner with the Rwanda Development Board (RDB) to support manufacturing companies interested in maximizing the incentives provided by this initiative.