- The Government of Rwanda has invited proposals from interested companies or consortiums to lease the Kigali Silk Factory located in the Kigali Special Economic Zone, for investment, operation, and management.
The Government of Rwanda has invited proposals from interested companies or consortiums to lease the Kigali Silk Factory located in the Kigali Special Economic Zone, for investment, operation, and management. The request for proposals was issued by Claude Bizimana, Chief Executive Officer of the National Agricultural Export Development Board (NAEB) on October 03, 2022.
The government is looking for a suitable investor with adequate expertise and financial capacity to carry out the required investments and build a suitable silk industry for export purposes. The factory was built by the Government in 2018/2019 at a cost of $1.3 million for the silk factory buildings and machinery.
The opportunity has emerged after the Korean firm, under the name of HEworks Rwanda Silk Ltd exited the venture. According to the sources, Rwanda has been producing two main silk products, namely silk yarn and silk sheets from the Kigali-based silk factory, which has the capacity to process 70-100 tonnes of silk cocoons per year. The facility includes automatic reeling machines (80 ends), re-reeling machines and cocoon dryers. The bidder can use the existing support structures to ensure that the silk value chain develops on a commercial and export-focused basis.
The selected bidder shall also manage the six sericulture or cocoon production centres (CPCs) to increase cocoon production for the factory supply and support farmers.
The proposals can be submitted at the latest by November 2, 2022 at 5 PM local time.
Also read;
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https://trendsnafrica.com/dogus-group-turkey-to-invest-in-luxury-hotels-in-rwanda/
