• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

IFC to invest $17.5m in mega mixed-use complex in Kigali

Kigali

The Matters Press by The Matters Press
May 24, 2023
Reading Time: 2 mins read
0
IFC to invest $17.5m in mega mixed-use complex in Kigali

The International Finance Corporation (IFC) will invest $17.5 million in French real estate conglomerate Duval Group to develop a mega mixed-use building complex opposite the Kigali Convention Centre in the Rwandan capital.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

The private sector lending arm of the World Bank Group said in a disclosure that it would provide the debt through Duval Group’s subsidiary, Duval Great Lakes, and mobilise up to another $17.5 million from other lenders towards the project.

“The total project cost is estimated to be up to close to $70 million. IFC will provide an A-loan of up to $17.5 million and will mobilise up to another $17.5 million from other lender(s)” the IFC said.

The Duval Group will fund the remaining portion of the project costs, which targets building and operating a mixed-use complex consisting of a shopping mall, food and beverage, and entertainment area, a service apartment hotel, as well as office, co-working and conference space.

Duval Great Lakes is majority owned by the giant French firm, with Rwandan businessman Vicky Murabukirwa, with extensive real estate interests, holding the remaining stake.

Rwanda is positioning itself as a key hub for meetings, incentives, conferences, and exhibitions (MICE) in the Eastern and Central Africa region.

For instance, the iconic Kigali Convention Centre (KCC) has, since its opening in 2016, become a popular MICE destination in the East African region, hosting several international events.

With a net floor area of 32,200 square metres, KCC can host more than 5,000 delegates at a time and contains facilities for business, leisure, and events.

The MICE strategy also ropes in Rwanda’s tourism industry which is popular with travellers seeking to catch a glimpse of the country’s famous endangered mountain gorillas that live on bamboo-covered slopes of a volcanic mountain range that spans Rwanda, Uganda and the Democratic Republic of the Congo.

The EastAfrican

Tags: Kigali
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Oil field in Somali

Total, Africa Oil exit Kenya Turkana crude project

MPR increase: A journey away from single-digit interest rate – MAN

Interest rate hits 18% - CBN

Recommended Stories

Africa-Europe Alliance presents progress report

UNECA urges Africa to integrate protection of natural resources

March 5, 2023
China launches space rocket

China launches space rocket

November 20, 2018
Twitter resumes operations in Nigeria seven months after suspension

Twitter resumes operations in Nigeria seven months after suspension

January 13, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us