• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 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

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

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

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 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

SEC frowns at resurgence of Ponzi schemes

SEC to sanction stakeholders over unclaimed dividends

August 19, 2022
5G network for launch 2020

NCC with strategic plan for telecom sector

December 22, 2023
Sukuk peaks, more profitable in Nigeria despite opposition

Benin-Lokoja road for completion in 6 months

March 22, 2024

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

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

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