Kigali Innovation City

2600

expected university graduates

$ 150 m

expected in ICT exports

50 k

jobs expected to be created

Kigali, Rwanda

Africa50-Project Development

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.