RSSF schemes on real estate

By Bosco Hitimana of The EABW

"KIGALI, RWANDA – The Rwanda Social Security Fund (RSSF) has started funding multimillion luxurious property development projects including Kigali's tallest structure with 18 floors.

The pensions fund is investing around Rwf13billion ($23.6million) in construction of the Insurance Plaza on a plot of 21,000 square metres, which once completed, will be the tallest in the capital."

Complete story at "RSSF schemes on real estate"

Category: Rwanda + Housing + Investment

Kigali: The most organised country in eastern Africa

April 20, 2008 Sunday Life Section of The Monitor

"So for me, Kigali has given me an impressive picture of a city, because now I know what a city is supposed to look like. There is something spectacular that caught my attention as I got into Rwanda from the undulating beautiful hills of Kabale - the cleanness! I remember that feeling I ignored as the Rwanda officials searched my bag and made me leave behind all the polythene I had carried with me.

My first impression as I entered Rwanda from Uganda, was of a system with a purpose. Everything is organized and very neat, a huge contrast with what one experiences at the Ugandan side of the border. The scenery too, all the way from the border to the city, is spectacular as is the road meandering round a thousand hills with not even one pot hole!"

Complete article at "Kigali: The most organised country in eastern Africa"

Category: Rwanda + Housing + Development

DN International in $1.5m estate project

By Bosco Hitimana of The EABW

"KIGALI, RWANDA – DN International, a real estate company made up of Kenyan and US investors is constructing a US$1.5 million 29-unit estate in Kigali.

“We did ground breaking last month. We have already finished the foundation of most of the houses and we are already raising the walls”, the company’s Chief Executive Officer, Mr. Nathan Loyd told East African Business Week last week.

Hillview estate is located 9 kilometres from Kigali International Airport as the nearest landmark at a place called Masaka. To acquire a house, a client will be requested to pay up at least 30% of the cost of the house while the balance can be paid under a mortgage arrangement across fifteen years through the housing bank."

Complete article for you to enjoy at "DN International in $1.5m estate project"

Category: Rwanda + Housing + Investment

Housing shortage: Real estate construction firms rush to exploit Kigali City market

BY GERTRUDE MAJYAMBERE of The New Times

"With of 25,000 units needed annually to address the housing problem countrywide, international real estate developers are rushing to Kigali to invest in the housing sector.
Global Village Investments, an Irish based company targeting the high end market is to build houses estimated at between Frw80 million and above.

The firm is targeting expatriates, corporate companies and Rwandans with deeper pockets, Claire Akamanzi, deputy director general Rwanda Investment and Export Promotion Agency told The New Times.

To start with, the company is to invest $1.5 million (about Frw810.5 m) in six houses, which may be ready for buyers by June this year."

Complete article at "Housing shortage: Real estate construction firms rush to exploit Kigali City market"

Category: Rwanda + Housing + Investment

Rwanda: Housing - BCR Launches Mortgage Financing

By Kabona Esiara of The New Times (Kigali)

"Rwanda Commercial Bank (BCR) has launched mortgage financing, paving the way for many Rwandans to generate individual wealth and own homes.

The funding comes at a time a World Bank study has discovered that Rwanda is short of houses by 25,000 units annually.

The study also discovered that only 20 per cent of the housing units in the country are planned, meaning 80 per cent of the structures are illegal."

Complete story at "Rwanda: Housing - BCR Launches Mortgage Financing"

Category: Rwanda + Housing + Banking