News by Country
Published stories attached to Rwanda.
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The City of Kigali has ordered the complete demolition of a three-storey commercial building in Nyabugogo after technical assessments found construction defects that left the structure unstable before it was finished.
Raffles Family Office has signed an agreement with the Rwanda Development Board to mobilise hundreds of millions of dollars in private investment, with real estate among the target sectors.
The first phase of the $25 million Masaka Views Eco Estate in Kigali's Kicukiro District is 85% complete, with NCBA Bank Rwanda offering a 105% mortgage product to fund purchases in the 382-unit development.
The City of Kigali is working to reduce the processing of building permits from 21 days to between seven and 14 days, officials said during Rwanda Architecture Week.
Rwanda is building a $49 million Smart Green Village on a 50-hectare site in Musanze District to resettle families affected by the expansion of Volcanoes National Park, with the first phase expected to house 547 households.
The University of Rwanda plans to build a roughly 150-room hotel in Huye offering three- to five-star accommodation and apartments, as it seeks to earn more of its own revenue.
Rwanda needs about 150,000 new dwellings a year towards projected demand of 5.5 million homes by 2050, but data showing that 60.6 per cent of Kigali households rent points to an affordable-housing shortfall rather than a lack of construction.
Heavy rain and strong winds destroyed about 30 houses in Rwanda's Nyagatare District on September 21, leaving dozens of families without shelter as the government warns of an unusually wet September to December season.
Kigali Heights Development Company Ltd is being wound up after selling the Kigali Heights commercial complex to Yyussa Company in a deal valued at $31.8 million, with creditors given until October 10 to file claims.