Learn How To Make Money From Home Using Your Smartphone In 2025
By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AfricaNews360AfricaNews360
  • Politics
    PoliticsShow More
    The future is African – Ghana President declares at UN Assembly
    September 26, 2025
    Burkina Faso to ‘street honour’ late Ghanaian President Jerry John Rawlings
    May 19, 2025
    Burkina Faso honours late president Thomas Sankara with memorial park
    May 19, 2025
    Nigeria Presidency refutes Catholic leaders’ criticism of economic hardship
    March 11, 2025
    Ghana’s President Mahama strengthens ties with Mali during Bamako visit
    March 10, 2025
  • Business
    BusinessShow More
    Ghana secures additional $28m grant from China for infrastructure projects
    October 17, 2025
    Ghana’s President Mahama seeks investment partnerships during Singapore visit
    August 25, 2025
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
    Burkina Faso strengthens Russian ties with new mining licence
    April 27, 2025
    Ghana Bauxite Company targets 6 million tonnes production by end of 2025
    April 7, 2025
  • Showbiz
    ShowbizShow More
    Davido releases ’10 Kilo’ Music Video
    August 13, 2025
    Nigerian Star Davido’s Foundation supports 500 orphanages in annual Charity drive
    February 13, 2025
    Nigerian president Tinubu celebrates Nollywood icon Nkem Owoh ‘Osuofia’ at 70
    February 8, 2025
    Burkina Faso’s Bissa music sensation Eunice Goula drops new Banger ‘Mariage’
    September 25, 2024
    Kenya’s president hosts national music festival
    August 16, 2024
  • Sports
    SportsShow More
    CAF announces nominees for National Team of the Year Award
    October 22, 2025
    Morocco beat Argentina to claim maiden Under-20 World Cup
    October 20, 2025
    Ghana considering Dede Ayew’s return to Black Stars for 2026 World Cup
    October 17, 2025
    Cape Verde secure historic World Cup qualification with victory over Eswatini
    October 13, 2025
    Ghana seal 2026 World Cup qualification with narrow victory over Comoros
    October 13, 2025
  • Biographies
    BiographiesShow More
    Michael Gallup Bio, Age, Net Worth, Height, Parents, Siblings, Wife, Children
    July 25, 2024
  • Columns
    ColumnsShow More
    Ghana Government does not subsidize Hajj Pilgrims: Debunking the myth with facts
    March 7, 2025
    Full Speech: South African president’s address at first G20 Foreign Ministers’ meeting 2025
    February 22, 2025
    Ing. Abdullah Mohammed Billey: The Ghanaian road expert victimised for political reasons by the ousted Government
    February 3, 2025
    Ghana President Mahama’s speech at Africa Prosperity Dialogues 2025
    February 2, 2025
    An American opinion on the impending NDC Government structure
    December 17, 2024
  • Travel
    TravelShow More
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
    Thousands of Ethiopian diaspora heed PM’s call to ‘come home’
    May 2, 2024
    Malawi and Ghana sign visa waiver agreement to enhance bilateral ties
    March 21, 2024
    Ghana signs visa waiver agreement with Bahamas
    February 22, 2024
    Malawi scrapes visa restrictions for 79 countries
    February 9, 2024
  • Editorial
    EditorialShow More
    FEATURE: Kigali City- A glittering jewel of Africa
    September 2, 2023
    All eyes on INEC as Nigeria decides
    February 26, 2023
    Feed Africa Summit: Continent Plans to Achieve Zero Hunger by 2030
    January 25, 2023
    Africa must speak with one voice at COP27
    November 8, 2022
    Nigerian headteacher sentenced to death after pupil’s murder
    July 28, 2022
  • World
    WorldShow More
    Robert Prevost
    American prelate Robert Prevost elected New Pope
    May 9, 2025
    Rwanda cuts diplomatic ties with Belgium amid Congo conflict tensions
    March 17, 2025
    ICC issues arrest warrants for Israel’s Benjamin Netanyahu, Ibrahim Al-Masri
    November 21, 2024
    Voting underway in US as Donald Trump faces Kamala Harris for presidency
    November 5, 2024
    Biden directs US forces to aid Israel’s defence against Iran
    October 2, 2024
Reading: Foreign investors eye Rwanda’s affordable housing scheme
Share
Notification Show More
Latest News
Ghana’s former First Lady Nana Konadu Agyeman-Rawlings dies aged 76
October 23, 2025
CAF announces nominees for National Team of the Year Award
October 22, 2025
Morocco beat Argentina to claim maiden Under-20 World Cup
October 20, 2025
Ghana secures additional $28m grant from China for infrastructure projects
October 17, 2025
Former Kenyan VP Kalonzo Musyoka mourns ‘brother’ Raila Odinga
October 17, 2025
Aa
AfricaNews360AfricaNews360
Aa
  • Technology
  • Science
  • Education
  • Health
Search
  • Topics
    • Business
    • Columns
    • Gossip
    • News
    • Politics
    • Showbiz
    • Fashion
    • Climate
    • World
    • Videos
Have an existing account? Sign In
Follow US
AfricaNews360 > Business > Foreign investors eye Rwanda’s affordable housing scheme
Business

Foreign investors eye Rwanda’s affordable housing scheme

Canadian investors are among those who have expressed interest in a project to construct 1,250 ‘affordable’ houses on a 19-hectare plot of land in Ndera, Gasabo District of Kigali, according to the Ministry of Infrastructure.

Posted Malik muhammed May 30, 2023 3 Min Read
Updated 2023/05/30 at 6:47 AM
Delegates during a guided tour of the newly inaugurated French owned Isange Estate at Rebero in Kigali. Canadian investors are among those who have expressed interest in a project to construct 1,250 affordable houses in Ndera Sector. Photo: File.
SHARE

Canadian investors are among those who have expressed interest in a project to construct 1,250 ‘affordable’ houses on a 19-hectare plot of land in Ndera, Gasabo District of Kigali, according to the Ministry of Infrastructure.

Infrastructure Minister Ernest Nsabimana said that investors, including those from Canada – called Tebo Group of Industries – are among those who want to put money into the project.

Tebo Group of Industries is a Canadian firm whose work includes engineering and construction.

Nsabimana made the disclosure on Wednesday, May 24, during a session with the Lower House’s Committee on Land, Agriculture, Livestock, and Environment. The session was looking at impediments to the affordable housing programme in the country.

Learn How To Make Money Online Using Your Smartphone In 2025

He was responding to parliamentarians’ query on why the government had bought the land in Ndera, but it was lying idle (not redeveloped).

RECOMMENDED FOR YOU  South Africa FDI inflows drop in Q2, household debt rises

He told parliamentarians that the government purchased the land in 2016, and allocated it to an investor (firm), which, in November 2022, announced it was no longer taking part in the project because of financial constraints.

Giving an update on the progress made later, Nsabimana said that there are terms on which the new prospective investors were negotiating with the government through the Rwanda Housing Authority, adding that the process has reached the house design level.

RECOMMENDED FOR YOU  Rwanda: Congolese Refugees Petition Embassies in Kigali Over Killings in Eastern DRC

The Acting Director General of Rwanda Housing Authority (RHA), Noel Nsanzineza, told The New Times that investors who expressed interest in venturing into the project include Canadians and Chinese, adding that the government is going to consider how the investments they plan to make fit into the country’s affordable housing policy.

Under the country’s affordable housing policy, he said, an affordable house is that whose price does not exceed Rwf40 million (about $35,500 at current exchange rates), and that the number of rooms might vary depending on market or buyer preferences. This is how much a buyer has to pay for an 80-square-metre house.

He indicated that the price can be lower than that depending on the size, but pointed out that a square metre (m2) must not exceed Rwf500, 000.

RECOMMENDED FOR YOU  City of Kigali sounds warning as heavy rains kill mother, two kids in high-risk zone

According to the Ministry of Infrastructure, Rwanda as a whole needs at least 2.1 million housing units by 2050, under the country’s 30 year-vision which started in 2020.

It means that the country’s housing demand stands at 70,000 a year – with Kigali accounting for about 26 per cent (or a quarter) of it.

Rwanda’s population is projected to increase to over 22 million in 2050, from 13.2 million in 2022, as per the 5th Population and Housing Census 2022 by the National Institute of Statistics of Rwanda.

RSS EDITORS’ SUGGESTIONS

  • OFFICIAL: Zimbabwe sack Coach Michael Nees after a year in charge
  • WAFCON Qualifiers: Black Queens midfielder Chantelle Boye-Hlorkah confident ahead of Egypt Clash
  • No Black Stars player complained after budget disclosure – Dr. Randy Abbey
  • Black Stars technical team to be strengthened ahead of 2026 World Cup – Dr. Randy Abbey
  • “We’ll keep our identity” — Tanzania coach Hemed Suleiman on facing Nigeria, Tunisia and Uganda
TAGGED: affordable housing scheme, Kigali, Ruwanda's affordable housing
SOURCES: newtimes.co.rw
Malik muhammed May 30, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Sierra Leone’s 400-year-old Cotton Tree was treasured national symbol with a Canadian connection
Next Article Tennis: Cameroon, Angola name squads for Billie Jean King cup
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Latest on AfricaNews360

  • Ghana’s former First Lady Nana Konadu Agyeman-Rawlings dies aged 76
  • CAF announces nominees for National Team of the Year Award
  • Morocco beat Argentina to claim maiden Under-20 World Cup
  • Ghana secures additional $28m grant from China for infrastructure projects
  • Former Kenyan VP Kalonzo Musyoka mourns ‘brother’ Raila Odinga

More recommendations for you

  • WAFCON Qualifiers: Black Queens thrash Egypt 3-0 to take commanding first-leg lead
  • Jayden Owuro shines again with clean sheet as AZ Alkmaar edge Slovan Bratislava
  • 2026 FIFA World Cup: “Only committed players will represent Ghana” – GFA president Kurt Okraku
  • Ghana and Bournemouth Star Antoine Semenyo eyes Champions League future
  • Dual-Footed Semenyo Confuses Defenders: Ghana star doesn’t know his stronger foot

You Might Also Like

BusinessTop Stories

Ghana secures additional $28m grant from China for infrastructure projects

October 17, 2025
BusinessNewsTop Stories

Ghana’s President Mahama seeks investment partnerships during Singapore visit

August 25, 2025
BusinessTravel

Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store

May 15, 2025
BusinessTop Stories

Burkina Faso strengthens Russian ties with new mining licence

April 27, 2025
  • Bereavement
  • Debt Management
  • Finance
  • Job Creation
  • Small Business
  • Climate
  • Education
  • Fashion
  • Health
  • Rights
  • Science
  • Sanitation
  • Mobilisation
  • Secondary Education
  • Celebrity News
  • Tertiary Education
  • Culture
  • Security
  • Corruption
  • Creed
  • Athletics
  • Basketball
  • Boxing
  • Formula 1
  • Rugby
  • Soccer
  • Tennis
  • Minning
  • Gaming
  • Technology
AfricaNews360AfricaNews360
Follow US

© 2024 - AfricaNews360 | All rights reserved.

  • About
  • Advertise with us
  • Contact

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Register Lost your password?