Home Business & TechEconomy RSB, PSF Agree on Standardization for Competitiveness

RSB, PSF Agree on Standardization for Competitiveness

by Williams Buningwire
10:25 pm

PSF CEO Stephen Ruzibiza(Left) and RSB Director General Raymond Murenzi Exchanging documents after the signing.

The Rwanda Standards Board (RSB) has signed a deal with the Private Sector Federation to build capacity of members of the former as country seeks to graduate to a middle income economy by 2020.

Among the agreed terms and conditions in the MoU, Rwanda Standards Board will provide a framework on how to equip PSF members with knowledge and common understanding of standardization processes of the products.

Members will also learn measurement (metrology), certification and Conformity assessment services in line with set policies.

“For our products and services to be competitive it’s imperative we embark on enhancing the standardization. We therefore need this agreement to have framework to facilitate our traders,” said Stephen RUZIBIZA CEO of PSF during the signing.

 “It’s our responsibility to facilitate our traders. We are looking at all possible channels of improving their operations and increase production”

According to the RSB Director General Raymond Murenzi, “over 80% of our work lead us to the Private Sector, so this agreement will provide clear road map to improve our working relationship with PSF business Community”

Meanwhile, the purpose of this MoU is to establish terms and conditions of a long-term partnership between RSB and PSF with the overall objective of establishing a framework for mutual assistance and to facilitate trade and to promote business growth.

However, promotion of trade and business growth will be achieved through creating smooth and Trade friendly environment by the formulation of mutually beneficial standards policies and laws.

According to the Rwanda Development Board (RDB) latest figures, the private sector is the biggest employer in the country standing at 98%.

This translates into revenues.

Rwanda Revenue Authority (RRA) latest information show that, Rwf582.7 billion were collected as tax revenues from the private sector in the period July-Dec 2017 against the total collections of Rwf572.6 billion.