ICT
Kigali Innovation City
Kigali, Rwanda
Kigali Innovation City (KIC) is being developed to be a mixed-use, master-planned, innovation city to be situated on 60 hectares of land in Kigali, Rwanda. KIC will seek to facilitate the development of pan-African talent and act as a technology innovation hub.
About project
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.
Role of Africa50
Project development/finance and equity partner.
Our partners
Project impact
Development
- KIC is expected to generate US$150 million in ICT exports annually.
- KIC should attract over US$300 million in foreign direct investments.
Environment
- The project will incorporate international and local green and sustainable design guidelines. It will efficiently manage water through the development of a wastewater treatment plant.
- It will also include adequate green spaces which help prevent atmospheric damage and excessive heating.
Employment
- KIC is projected to create over 50,000 jobs upon its completion.
- Over 2,600 students are expected to graduate annually from its universities over 30 years, adding to Rwanda’s and Africa’s pool of tech-savvy entrepreneurs.
There is an urgent need to close Africa's infrastructure financing gap of $68-108 billion a year to support the continent's accelerated growth and development. Africa50 is working with several partners, including national governments, project developers and development finance institutions, to mobilize private sector investments for bankable infrastructure projects
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