Telecom

Rwanda gets Africa50’s support for Kigali Innovation City Project

Thursday, 29 August 2019 17:12
Rwanda gets Africa50’s support for Kigali Innovation City Project

(Ecofin Agency) - Rwanda Development Board (RDB), the country’s national investment facilitation body, and the Pan-African Infrastructure Investment Fund50 have decided to create a joint-venture to develop, finance, build and operate the commercial components of the Kigali Innovation City (KIC) project.

On 27 August 2019, the two parties signed a Joint Development Agreement (JDA) to this effect, following the commitment made by the African Development Bank (AfDB) in November 2018 via Africa50 - at the Africa Investment Forum - to invest $400 million in the KIC to stimulate innovation ecosystems on the continent.

KIC is a pan-African innovation hub that will host four international universities, innovative companies focused on agriculture, health care, financial services and supporting infrastructure, including commercial and residential spaces.

According to Paula Ingabire, Rwanda's Minister of ICT and Innovation, the KIC project has set itself the objectives of creating more than 50,000 jobs, generating $150 million in ICT exports per year and attracting more than $300 million in foreign direct investment.

Clare Akamanzi, CEO of RDB, said the partnership with Africa50 is a major step for Rwanda's ICT sector and a step forward in building a knowledge-based digital economy. “KIC will enable investors to develop technologies, prove new concepts and scale in Rwanda,” she said.





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.