Kigali, Rwanda

Africa50-Project Development

Africa50 is co-sponsoring the project with the Rwanda Development Board, and the total cost of the project should be approximately US$300 million. The government of Rwanda has agreed to provide the shared infrastructure and the incentives that would enable the ecosystem to thrive. Africa50 will structure the project as a PPP together with a strategic sponsor (to be selected). Other investors could join at a later stage. This project is currently under development.

Africa50's Role


Act as project development/finance and equity partner.

Partners


Joint Venture between Africa50 and Rwanda Development Board

Development Impact

  • Expected to generate US$150 million in ICT exports annually.
  • Should attract over US$300 million in foreign direct investments.
  • Projected to create over 50,000 jobs upon completion.
  • Over 2,600 students expected to graduate from its universities each year for 30 years, adding to Rwanda’s and Africa’s pool of techsavvy entrepreneurs. 
  • Expected to incorporate international and local green and sustainable design guidelines.
  • Intends to efficiently manage water with the development of a wastewater treatment plant.
  • Should include adequate green spaces to help prevent atmospheric damage and excessive heating.

Project Photos

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