Cyanika Cross Border Market Construction works at the end
The construction works, which costs $1.6 million, are jointly financed by the Ministry for Trade, Industry, and East African Community Affairs, Burera District and the World Trade Organization, through the Enhanced Integrated Framework.
As works are at their ends, the market will have warehouses, Banks branches , shops, open market, parking for trucks, restaurants and other facilities.
Construction should have been completed earlier, but the first investors failed to implement the project which led Government to mobilise funds and seek partnerships to complete the market.
The project is part of a wide programme to boost cross-border trade as a way of stimulating economic development. It will reduce the trade deficit where imports are still higher than our exports.
In Rwanda, cross-border trade pumps into the economy about $100 million a year, and if infrastructure is set up on all borders with incentives, the value could even increase five-fold.
During works beginning, Minister of Trade, Industry and East African Community Affairs Francois KANIMBA urged relevant institutions to martial efforts to increase productivity for cross-border trade which will lead to exporting more to neighbouring countries as a way of reducing the trade deficit. This, he said will be possible by encouraging people to work in cooperatives to add value to what they produce.
All the times that Minister Kanimba Visited works, he urged citizens to use the market as an opportunity to improve their housing and cooperate to establish other infrastructure like hotels with gains from cross border trade.