A mult-million business complex worth Rwf 1.5bn has opened its doors in Huye town the former Butare District a home of the first University in Rwanda.
Every business activities that have been carried on in the old District market are being shifted to the new business complex named Huye City Complex.
A complex which is owned by Ingenzi cooperative an initiative of Huye business men, houses businesses ventures like banks, mobile service centers, insurance company offices, supermarkets and whole sale shops .
The complex designed to meet the required standards, has what it needs for a modern market with the capacity to accommodate at least 3000 businesses.
“Our customers’ security has been enhanced since we moved to this new complex. In addition to that our merchandise is more secure against robbery, rains and sunburns,”
The businessmen however have claimed the complex has become too expensive compared to the old market.
“A plot (Ikibanza) in this new complex is expensive for most of us. A small plot costs Rwf 10000-15000 compared to our old market where the same size of the plot was Rwf 7000. These high prices are leading us to losses yet we didn’t increase the commodity prices,” Mukamugyema Mutimura a meat seller complained.
“And also customers consistence has reduced because most of them have resorted to other markets in the communities like Rango market fearing the standard of the complex thinking commodities are expensive,” Mutimura added.
Vicent Semuhungu the chairman of Igenizi cooperative said the expensive plots divided in the complex is due to the servicing of the loan that facilitated in building the complex but added that after servicing the loan, rent charges will be reduced.
This four-month old complex was officially inaugurated by President Paul Kagame last May.
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