Gatsibo shoe factory looks to technology to make strides, who will finance its goals?

A shoe factory is looking for funding to boost its production and cater for the growing local market. Star Leather Products Company Ltd strongly believes that by integrating technology it can multiply its production. The factory located in Eastern Province started in 2014 with a capital investment of Rwf 80 million. It employs 18 people who can only produce 20 new pairs of shoes per day. Each pair is sold at only Rwf 15,000. By automating their operations, the company believes can produce up to 200 pairs per day. That would also see their monthly turn-over grow from the current Rwf6 million. “With Machinery, 200 pairs of shoes can be produced per day, but, a person can only make two pairs of shoes,” Mfuranzima said. In addition to increased production, the operational costs will also go down. The company has outlets in Musanze District of Northern Province, Rwimiyaga, Nyagatare, and Kabarondo in Eastern Province. It also plans to open shops in Huye District of Southern Province, and in Rubavu and Rusizi districts of Western Province. The company also produces handbags and belts. The Director General for National Industrial Research and Development Agency (NIRDA), Dr Joseph Mungarulire told The New Times that the government will support the factory through provision of more machinery and training. Rwanda is looking to reduce its import bill by supporting local manufacturers. A ban on used clothes and shoes will also expand their markets. The faster institutions like NIRDA move to support the small industries, the quicker Rwanda will succeed in reducing its import bill. editorial@newtimes.co.rw

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Gatsibo shoe factory looks to technology to make strides, who will finance its goals?