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Research

Report

Kigali – Rwanda:  City Snapshot 


Rwanda is heavily dependent on foreign investment and the same can be said about Kigali. One of the major developments for 2016, Kigali Heights, was a result of local and foreign investment. There have been other foreign infrastructure with China offering US$ 37 million towards the development of government offices. Foreign direct investment for 2016 was estimated to be US$ 344 million (Oxford Economics). Real GDP is expected to grow by 6.5% in 2017, a feasible expectation considering the rapid growth the country has witnessed since 2014.  The government's plan to increase the country's urbanisation rate to 35% by 2020 will create opportunities for investment in the real estate market. This should in essence meet the prevailing demand for high quality accommodation, both in the retail and office sectors. The ease of doing business in Rwanda (currently ranked 2nd in Africa) will continue to attract foreign investment.

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