📋 Tender Overview
Scope :
Kigali Innovation City is a flagship government project to build a pan-African technology and innovation hub over an area of 61 hectares. The mixed-use development is planned to accommodate universities and international and domestic tech companies, as well as residential and retail space. The total project cost is US$300 million and an equity investment of US$100 million is being sought.
Africa50 said it has signed an implementation agreement with the Rwanda Development Board and the Government of Rwanda for exclusive rights to develop, operate and commercialise the Kigali Innovation City (KIC) project.
It is expected to stimulate $150 million (Sh19.5 billion) in ICT exports annually and attract over $300 million (Sh39 billion) in foreign direct investment. The KIC will also host Grade-A residential, commercial, retail and educational assets for local and international businesses and prominent institutions.
Kigali Innovation City (KIC) is being developed to be a mixed-use, master-planned, innovation city to be situated on 60 hectares of land in Kigali, Rwanda. KIC will seek to facilitate the development of pan-African talent and act as a technology innovation hub. Its plan includes four universities, office spaces, and start-up business incubators, alongside supporting facilities for retail, hospitality and accommodation.
Africa50 is co-sponsoring the project with the Rwanda Development Board, and the total cost of the project should be approximately US$300 million. The government of Rwanda has agreed to provide the shared infrastructure and the incentives that would enable the ecosystem to thrive. Africa50 will structure the project as a PPP together with a strategic sponsor (to be selected). Other investors could join at a later stage.
Impact
Development
KIC is expected to generate US$150 million in ICT exports annually.
KIC should attract over US$300 million in foreign direct investments.
Environment
The project will incorporate international and local green and sustainable design guidelines. It will efficiently manage water through the development of a wastewater treatment plant.
It will also include adequate green spaces which help prevent atmospheric damage and excessive heating.
Employment
KIC is projected to create over 50,000 jobs upon its completion.
Over 2,600 students are expected to graduate annually from its universities over 30 years, adding to Rwanda’s and Africa’s pool of tech-savvy entrepreneurs.
