World Bank private sector arm to boost Rwanda flower sector
World Bank Senior Private Sector Specialist Hamidou Sorgo told journalists in Nairobi that Rwanda has the unique set of geographic conditions that are conducive to competitive flower growing such as altitude and sunshine.
“We will help Rwanda identify potential investors as well market produce from its nascent flower sector,” Sorgo said during a roundtable meeting on investment opportunities in floriculture in Rwanda that was hosted by the World Bank Group’s Rwanda Investment Climate Program supported by the Rwanda Development Board (RDB) and Rwanda’s National Agricultural Export Development Board (NAEB).
IFC said that a vibrant flower industry is ideal for Rwanda because most of the produce will be exported resulting in foreign exchange earnings for the landlocked country.
Sorgo added that floriculture will also promote inclusive growth as its incomes will reach down to the farm level. Rwanda’s development strategy has also identified floriculture as a high-potential sector for revenue generation and job creation.
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