Budgeting Control Process and Profitability of Agro-Based Industry in Rwanda: A Case of Kinazi Cassava Plant Limited

Abstract: This study investigated the relationship between the budgeting control process and company profitability, focusing on Kinazi Cassava Plant Ltd as a case study. The research was motivated by persistent challenges in budgeting control faced by many companies, which hinder managers from achieving organizational objectives. While prior studies in Rwanda largely emphasized the public sector, this study addressed the existing gap by examining the private sector. The general objective was to establish the relationship between budgeting control processes and profitability, with specific aims to assess the effects of budget planning, budget implementation, and budgetary control on company profitability. The study’s significance extends to companies, researchers, academicians, and policymakers, as its findings provide insights into effective budgeting practices for improved financial performance. A descriptive and correlational research design was adopted, targeting 174 employees of Kinazi Cassava Plant Ltd, with a sample of 64 respondents selected through stratified and simple random sampling. Both qualitative and quantitative data were collected using questionnaires and analyzed through SPSS, with results presented in tables. Findings revealed that 89.69% of respondents agreed that budget planning influences profitability, 100% confirmed the impact of budget implementation, and 93.64% acknowledged the role of budgetary control. Pearson correlation analysis indicated significant positive relationships among budget planning, implementation, and control, as well as between these processes and profitability indicators such as sales growth, return on assets, and return on investment (p-values < 0.05 and < 0.01). The study concluded that effective budget planning is crucial for financial management, goal achievement, cost efficiency, and risk mitigation. It recommended involving all budget users in the planning process to enhance implementation quality and strengthening budgetary control measures to ensure accountability. Additionally, it advised regular staff training on budgeting practices to institutionalize sound financial management within companies. Future research was suggested on budgeting control processes related to fund reallocation and risk mitigation within Rwanda’s Agro-based industries. Keywords: Budgeting Control, Profitability, Agro-Based Industry, Kinazi Cassava Plant, Rwanda. Title: Budgeting Control Process and Profitability of Agro-Based Industry in Rwanda: A Case of Kinazi Cassava Plant Limited Author: Nyiransengiyaremye Alice, Dr. Osiemo A. Kengere, Mr. Jubilee Leonard Kakwezi International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 13, Issue 2, October 2025 - March 2026 Page No: 57-68 Research Publish Journals Website: www.researchpublish.com Published Date: 07-November-2025 DOI: https://doi.org/10.5281/zenodo.17552226 Paper Download Link (Source) https://www.researchpublish.com/papers/budgeting-control-process-and-profitability-of-agro-based-industry-in-rwanda-a-case-of-kinazi-cassava-plant-limited