Rwanda unveils plan for innovation city costing $ 300 million
Rwanda has unveiled a masterplan for the development of the Kigali Innovation City (KIC) project expected to cost at least 300 million dollars.
The details were revealed during the unveiling ceremony of the master plan of the innovation city on Friday December 17.
The masterplan serves as the blueprint for the 61 hectares KIC site which entails the development and construction of a mixed-use world-class and smart innovation hub, which is aimed at developing cutting-edge solutions to help stimulate economic growth in Rwanda, the region and on a continental basis.
KIC already houses two world-class universities – Carnegie Mellon University Africa and Africa Leadership University. A third university, the University of Rwanda Centre of Biomedical Engineering and e-health, is under construction. The rest of the development will include additional universities, Grade A office spaces, research and development facilities, and start-up business incubators, alongside supporting facilities for retail, hospitality, and accommodation.
Tessy Rusagara, the Managing Director of Kigali Innovation City, pointed out that construction will start soon with roads, installing water and electricity among others and the first phase is expected to be finished in two to three years.
She added; “This means that 28 per cent of the land is already used up by these infrastructures, and we are planning to build a visitor center and our first offices, an incubator and a retail facility and we expect to build more as investors start coming in.”
The Kigali Innovation City is being co-developed by Africa50- a Pan-African infrastructure investment firm, and Rwanda Development Board, with active support from the Ministry of ICT and Innovation
Alain Ebobissé Chief Executive Officer of Africa50 said: “what we are building is an ecosystem that will help transform the tech industry in Africa, this hub will not only benefit Rwanda but the whole Africa as well.”
“What we are trying to do now is create a space, eco-friendly infrastructure that will attract investors as a place that will allow them to develop technologies, while creating jobs which is very important,” he added.