Africa > East Africa > Rwanda > Traders in the main market of Musanze district in Rwanda

Rwanda: Traders in the main market of Musanze district in Rwanda

2014/02/11

Traders in the major market of Musanze district in the Northern Province are relocating to a nearby taxi park to pave way for renovation works that will turn the market into a modern structure worth Rwf6 billion.

Raymond Niyonzima, who leads KODUKUMU cooperative which comprises additional than 100 business owners in Musanze, said the co-op has commissioned the market's construction for a three-year period.

The new market will have four floors for its front building and three floors in the backside, hosting 1,000 stands for different businesses.

"Its construction will kick off in March. We have discussed with district officials and business owners in the old market and we agreed they will have relocated by February 20," Niyonzima said.

Traders are relocating to Musanze Taxi Park which is managed by Rwanda Federation of Transport Cooperative (RFTC).

RFTC officials told The New Times that they have space to host some business people and would as well build additional hangars to host additional traders.

The former market had remained undeveloped with poor infrastructure, a contradiction for the progressive design and vision of Musanze town, officials said.

Business people expressed excitement because they are going to get a modern market but as well have worries that RFTC is charging exorbitant rent fees per month. RFTC charges Rwf30,000 -Rwf45,000 for space inside and Rwf10,000 - Rwf15,000 outside the building.

Felix Nkurunziza, who sells cosmetics and cloth, said monthly rent fees at the new place are high. "The problem is not relocation but the high fees we were charged. We will be paying Rwf 15,000 additional than we are paying here. We will as well need additional time to get used to the place and inform our clients," he said.

Nonetheless, Peter Rugerinyanye, the president of business people in Musanze market, said they are ready to relocate. "We are ready to relocate; we will have moved by February 20 and we will start operations next 10 days because we will have to make some preparations such as paying rent fees at the new place with RFTC building," he said.

But RFTC officials said that fixing the fees was done in agreement with both business owners and district officials.

Related Articles
  • Rwanda offers to take in Africans abused in Libya

    2017/11/30 Rwanda's offer follows the release of CNN footage of a live auction in Libya where black youths are presented to north African buyers. Rwanda is willing to provide refuge to as a lot of as 30,000 African migrants suffering abuse and slave-like conditions in Libya, the foreign minister told AFP Wednesday. "Rwanda is currently under discussions... to see how we can help in welcoming migrants held captive in Libya," said Louise Mushikiwabo. "It has just been decided so numbers and means are still under discussion but Rwanda estimates the number to be welcomed around 30,000," she said, adding that this figure "is not confirmed from presently on but an estimation".
  • Namibia Scraps Visas for Africans

    2017/11/01 Namibia has gotten the ball rolling on plans to scrap visa requirements for African passport holders next Cabinet authorised the implementation of this process - to be carried out in line with diplomatic procedures. Namibia will any minute at this time start issuing African passport holders with visas on arrival at ports of entry as a initial step towards the eventual abolition of all visa requirements for all Africans.
  • Africa: Experts Explore Infrastructure and Cooperation to Improve Lives

    2017/11/01 Addis Ababa — African economies require structural transformation to attain sustained increase that trickles down to all its peoples, an official from the United Nations Economic Commission for Africa (ECA) told experts gathered at the organization’s Ethiopian headquarters. Soteri Gatera, who heads the ECA’s Industrialization and Infrastructure Section, says only such “inclusive” economic increase will help resolve the “persistent social economic problems” Africa faces.
  • Africa's last international banks make their stand

    2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Nobel Laureate Joseph Stiglitz Calls For New Strategy

    2017/10/19 Joseph Stiglitz has advised African nations to adopt coordinated strategy encompassing agriculture, manufacturing, mining, and service sectors to attain same success delivered by the old manufacturing export-led strategy. Prof. Stiglitz, an economist and professor at Columbia University, New York, gave the advice at the Babacar Ndiaye lecture series introduced by African Export-Import Bank (Afreximbank) which debuted in Washington D.C.