INVESTING IN THE FUTURE OF COMMERCIAL AGRICULTURE IN RWANDA
Real lives
SAMUEL NIYOMUGABO, Kigali Farms Limited, Rwanda
With button mushrooms, Kigali Farms has pioneered the introduction of a new product in Kigali and other urban centres, giving the market a new highly-nutritious, high-quality edible product that consumers can trust. Oyster mushroom substrate sales for rural farmers also remains a pillar of the business strategy. In 2016, Kigali Farms sold oyster substrate to over 1,700 farmers. 35% of the oyster mushrooms produced by those farmers are estimated to have been consumed by the households, with the remaining 65% being sold to family and neighbours as an additional source of income.
"OUR WORK WITH LOCAL FARMERS MOTIVATES ME EVERY DAY. KIGALI FARMS HAS ALSO HELPED ME DEVELOP MY CAREER AND GAIN NEW SKILLS."
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Rwanda – our social impact
Investment
$450,000
COMMITTED INVESTMENTS
Jobs created
54
JOBS CREATED OR SUSTAINED
Livelihood
25,000
PROJECTED FARMERS LINKED TO MARKET
Lift
$19
PROJECTED INCREASE IN INCOME PER SMALLHOLDER FARMER
Rural Rwanda

The Challenges

Around 70% of people in Rwanda live in rural areas (2015) and half of this rural population live in poverty (2010). Agriculture represents a third of national GDP but employs approximately 70% of the population, mainly in subsistence-level farming. The commercial agriculture sector is also underdeveloped. While coffee and tea is established in Rwanda, small land holdings (averaging just 0.3ha) and Rwanda’s hilly topography limit the potential for large scale, mechanised production of arable crops, for example.





Our approach

In 2016, AgDevCo began operating in Rwanda, making long-term debt and equity investments as part of DFID’s Improving Market Systems for Agriculture in Rwanda (IMSAR) programme. AgDevCo’s investment approach in Rwanda is to target value addition, export potential and agro-processing businesses producing trusted quality for the local and regional markets, as well as businesses that have strong links to smallholders and can be viable on small land areas.

Country Facts

• Population (2017, projection): 11,809,295
• Poverty incidence at national poverty levels (2010): 45%
• Life expectancy at birth (2015): 67 years
• GDP/Capita (2015): $697
• Agricultural share of GDP (2015): 33%
• % of population living in rural areas (2015): 71%
• % of rural population living in poverty (2010): 49%
• Food Security Ranking (2016): 87 out of 113


Sources: World Bank, National Institute of Statistics Rwanda, Global Food Security Index

We believe we can make more impact by looking for new ways to tackle poverty in the regions where we work.
If you believe your business meets our investment criteria, we want to hear from you.
Contact us