KIGALI, Nov. 30 (Xinhua) -- Rwanda and the African Development Bank (AfDB) launched a project on Wednesday aimed at facilitating private sector growth in the East African country.

The three-year Sustainable and Inclusive Private Sector Development project, valued at 880,000 U.S. dollars, will be implemented in close collaboration with the Rwanda Private Sector Federation, the Small and Medium Enterprises (MSMEs) team, and other key public institutions, aiming to build in-house capabilities, said a statement issued by the Rwanda Development Board (RDB).

The project intends to support reforms in the policy environment to enable private sector-led growth and strengthen Rwanda's private sector capacity, particularly that of MSMEs, in generating quality jobs and adopting responsible, green business practices.

Francis Gatare, the chief executive officer of the RDB, said that the project aligns with his government's focus on creating a conducive environment for private sector-led growth. "We anticipate that the key policy and capacity development interventions will further enhance the private sector's contribution to Rwanda's sustainable growth and development," he said.

Aissa Toure, the AfDB country manager for Rwanda, said that the project is in line with the bank's country strategy and the bank is committed to supporting Rwanda in "fostering the development of productive capacities to unlock private sector potential, enhance competitiveness and, in turn, accelerate structural transformation." Enditem

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