An integrated investment appraisal of broiler production in Rwanda

The aim of this thesis is to identify the main opportunities and risks facing each farmer in broiler projects in Rwanda. Although a deterministic cost-benefit analysis showed that this kind of project have a highly satisfactory net present value (NPV), a risk analysis using an integrated financial, economic and stakeholder model detected many risk variables that might make this project unfeasible. Some essential risk includes the uncertainty of the price of chicken, the price of feeds and the real exchange rate. The study point out that exporting to nearby countries like D.R. Congo is very important and helpful if possible. The analysis also recommends some of the alternatives that can be used to reduce the cost for feeds effectively. Keywords: integrated investment appraisal, financial analysis, economic analysis, risk analysis, broiler production, Rwanda