With a high demand for the replication of success from agribusiness incubation in Africa, the Rwanda Youth in Agribusiness Forum (RYAF) signed an MoU with the African Agribusiness Incubators Network on Tuesday to enhance job creation in Rwanda.
Dr Alex Ariho, the AAIN CEO and Jean Baptiste Hategekimana, the chairperson of Rwanda Youth in Agribusiness Forum (RYAF) signed the timely MoU on behalf of the respective organisations.
Dr Alex Ariho, the AAIN CEO and Jean Baptiste Hategekimana, the chairperson of Rwanda Youth in Agribusiness Forum (RYAF) signed the timely MoU.
Prospects for a fast-growing economy
Ranked as one of the top ten fastest-growing economies in Africa by the World Bank since 2014, Rwanda as indicated by the 2013-2018 Youth Sector Strategic Plan has its feature hinged on innovativeness by the youth.
According to the plan, the youth who were an estimated 4,159,000 (39% of the national population) by the year 2013 are the drivers in achieving the country’s objective of becoming a middle income country by 2020.
“Rwanda is one of many African countries where the youth form the largest part of the population. Through the partnerships there, we hope to contribute to the realisation of job creation in a country that expects 50% of the workforce to be in off-farm employment by the year 2020 through innovative agribusiness,” –Dr Alex Ariho, AAIN CEO.
Today, Rwanda has an estimated 11.6 million people with a GDP of US$ 8Billion according to the World Bank.
For the youth to make their contribution to the economy, the African Development Bank Analysis of Gender and Youth Employment in Rwanda indicates the need for inclusive agribusiness to meet the need of 200,000 new jobs per year, estimated by the Rwanda National Employment Policy.