A whooping Frw 3 Bn were used by Horizon Group this year in buying of 26 units of constructing machines and acquiring of 30 hectares of land in Kinyinya, a Kigali city suburb intending to construct a model estate.
This was announced by the Group Chief Executive Officer (CEO) Eugene Haguma during the opening ceremony of showcasing Horizon Group’s achievements reached over the past years and also exhibiting of the brand new machines of the company.
According to Haguma, all the expenditure is being done to contribute to the country’s vision 2020. “Most of the Rwandans don’t know what we do as the Horizon Group. We therefore, came to showcase our achievements and improvements done by the company because we now have enough investment” he said.
The group has three subsidiary business units that include Horizon construction, the first major subsidiary company, Horizon sopyrwa, a pyrethrum processing business that was acquired by the Group in 2007, and Horizon logistics, a primary business to support peace keeping forces in mission areas.
Haguma said that Horizon sopyrwa is empowered to providing better products to farmers that are produced locally.
He emphasized that the machine will be shipped into the country from the U.K before the end of this year and will be used to process insectsides out of the local raw material that are not harmful to health.
The exhibition that set off on Friday Sept. 16, at Expo Grounds Gikondo will run until Sunday Sept. 18.
Horizon Group was initiated in 2007 by the Ministry of Defense (MOD) out of the Ministry’s constitutional commitment to participate in the social and economic development of Rwanda.
Currently, Horizon Group is owned by ZIGAMA CSS a microfinance cooperative bank and MMI the Military Medical Insurance Company.
Presently, Horizon Group consists of three established subsidiary companies and several Joint Venture partnerships- Horizon Construction, Horizon SOPYRWA and Horizon Logistics, as well as a number of other Joint Ventures.
The Group concentrates on identifying and investing in the areas that are of strategic and national importance to Rwanda, but lacking in local private sector capacity to invest, manage and develop the necessary infrastructure and expertise.
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