The Government of Rwanda, in partnership with Africa50 and the Arab Bank for Economic Development in Africa (BADEA), officially launched construction on a groundbreaking smart city project.
The 61-hectare development aims to position Rwanda as a global digital hub, fostering innovation and attracting top talent.
The smart city will be located in Kigali, Rwanda’s capital with the ability to accommodate universities, incubators, and accelerators focused on robotics, AI, machine learning, and other cutting-edge technologies.
Once completed, the project is expected to generate $2 billion in value, $150 million in ICT exports annually, and attract over $300 million in foreign direct investment (FDI).
“It is going to be a new dawn in innovation and economic development of our nation and the continent,” said Francis Gatare, Rwanda Development Board (RDB), executive director and CEO.
The project is a collaboration between the Rwandan government, Africa50, BADEA, and private investors.
The Rwandan government has demonstrated strong commitment to the project, with Prime Minister Édouard Ngirente emphasizing its importance in driving technological innovation and economic growth.
