Economy

It is imperative to have a strong real estate market, which has the potential to propel economic growth in the years to come. Significant levels of interest are shown in construction projects, including residential and commercial buildings. The want for brand-new residences rises by 25,000 on an annual basis. Investment in the industry has increased from $100 million to $480 million in just thirteen years...

Rwanda is a country full of people everywhere. There is a huge population in Rwanda, and it is one of the most densely populated countries in Africa.  The figures are shown by the surveys conducted by Household Living Conditions back in 2016 and 2017, almost 38.2% of Rwandans are living below the poverty line. The population living in urban areas is just 18.4% of the total population. And the experts...

It was revealed to industry players during a lecture arranged in Kigali City entitled "Dynamics of Commercial Real Estate Market of Kigali" that 10 percent of Kigali's commercial real estate developers sought government intervention to boost their feasibility of their projects. The event consisted of city authorities, stakeholders, and others. Senior Research Fellow at IPAR-Rwanda, Dickson Malunda,...

“You will always need to create strong ties among the Public and Private Partnerships to develop a successful real state environment”, learned industry players on Monday. A meeting was called out in Kigali where Walid Moussa, who is the acting president of the FIABC, was present along with other stakeholders belonging to the Rwanda real estate industry. This meeting was organized to attract...

As the drastic effects of the Covid ’19 virus hit worldwide, it has impacted everyone no matter what race, class, or region. CNBC Africa spoke to the Director of Project and Property management, Paul Rwigwamba asking him about the impact and future implications the coronavirus could have on the Real Estate sector in Rwanda. According to Paul, the Real Estate sector has seen a rapid boost in Rwanda...

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development...

The National Bank predicts 13 percent growth in credit lending to the private sector in Rwanda. This is due to the expected increase in lending by the financial sector in the country. The central bank will keep an accommodative monetary policy stance for this year to promote funding of the market by the banking industry in Rwanda. This is according to their recently released report of the Monetary...

Rwanda is often cited as a shining example of an African nation on the right path of development; politically, economically and socially. The ruling head of state Paul Kegame has during his reign achieved what could be the envy of many African states; citizens are becoming more literate, the economy is thriving, cases of corruption are declining and so are statistics of abject poverty. However this dream...