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Rwanda and Africa50 to fast-track operationalisation of Kigali smart city

Real Estate

By James Wanzala | Jun 13, 2024

An architectural design of Kigali Innovation City. [Courtesy]

Pan-African infrastructure investor and asset manager Africa50 has announced the signing of an Implementation Agreement (IA) with the Rwanda Development Board (RDB) and Rwanda government for exclusive rights to develop, operate, and commercialise the 61-hectare Kigali Innovation City (KIC).

The IA, which was signed recently on the sidelines of the African Development Bank (AfDB) annual meetings in Nairobi, seeks to unlock the next phase of development, following the unveiling of the urban master plan for KIC.

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