Author: Wycliffe Nyamasege

I&M Bank Rwanda Q1 net profit rises to Frw 5.4 billion

The lender attributes the rise in profitability to solid growth in loans and deposits, increased customer engagement, and improved operational efficiency.

The bank’s performance report shows that as of March 2025, total assets stood at Frw 910 billion, an 11% year-on-year increase. Net operating income rose by 16% to Frw 16.6 billion, driven in part by a 22% rise in foreign exchange income, stemming from higher volumes of customer forex transactions.

The bank disbursed loans amounting to Frw 397.3 billion, representing a 12% rise from the end of 2024. Customer deposits also grew by 13% to Frw 745.4 billion compared to the fourth quarter of 2024.

This growth was supported by an accelerated current and savings account acquisition strategy and enhanced client engagement efforts.

The bank also recorded a reduction in its cost-to-income ratio, which dropped from 51.2% to 45.4%, while maintaining a healthy capital adequacy ratio of 18.11%. I&M Bank Rwanda’s customer base expanded by 9% year-to-date, reaching 110,000, largely driven by the success of its “Karame” retail campaign.

CEO Benjamin Mutimura said the first quarter marked a strong start to the year, with results building on the foundations laid in 2024.

“Our performance in 2024 reflects the success of the iMara 3.0 strategy. We have aligned with Rwanda’s economic priorities while focusing on customer delight,” he said.

“The growth in our loan book and deposits speaks to the trust our clients place in us, particularly within the MSME and retail segments. Strategic campaigns like Karame and Ryoshya Iwawe have been instrumental in deepening customer relationships and expanding our market reach.”

Looking ahead, Mutimura affirmed the bank’s commitment to ecosystem-led offerings and national presence expansion.

“Our goal is to positively impact over two million lives by 2026, in alignment with the country’s development ambitions,” he noted.

Founded in 1963, I&M Bank Rwanda is one of the oldest financial institutions in the country. It was listed on the Rwanda Stock Exchange in March 2017 and is part of the I&M Group, which operates in Kenya, Tanzania, Uganda, and Mauritius.

May 23, 2025
Trump administration blocks Harvard from enrolling international students

U.S. Department of Homeland Security (DHS) Secretary Kristi Noem announced the decision.

“Let this serve as a warning to all universities and academic institutions across the country,” Noem said in a statement.

“Enrolling international students is a privilege — not a right — and that privilege has been revoked due to Harvard’s repeated failure to comply with federal law.”

DHS said that in addition to barring enrollment of future international students, “existing foreign students must transfer to lose their legal status.”

In response, Harvard issued a statement calling the administration’s action unlawful and harmful.

“We are fully committed to maintaining Harvard’s ability to host our international students and scholars, who hail from more than 140 countries and enrich the University — and this nation — immeasurably,” the statement said.

“We are working quickly to provide guidance and support to members of our community. This retaliatory action threatens serious harm to the Harvard community and our country, and undermines Harvard’s academic and research mission.”

The administration in April froze 2.2 billion U.S. dollars in federal grants to Harvard after the university rejected demands that it eliminate diversity, equity, and inclusion programs, and evaluate international students for ideological concerns.

As of the fall 2023 semester, international students made up over 27 percent of Harvard’s student body, according to university data.

May 23, 2025
Gov’t to deliver over 1,600 units as rehousing project expands to Nyabisindu

The project is set to provide 1,638 modern housing units to families living in vulnerable conditions.

Targeting four villages — Nyabisindu, Amarembo I, Amarembo II, and Ibuhooro in Remera Sector — the project covers 38.54 hectares and builds on the recent success of the Mpazi Rehousing Project, which delivered 688 units in Nyarugenge District.

According to the Ministry of Infrastructure, the new housing units will be spread across 58 housing blocks.

In addition to residential space, the area will feature key infrastructure such as market spaces, schools, green zones, and access roads, all aimed at fostering inclusive and dignified urban living.

“This project reflects our commitment to sustainable urban transformation,” said Minister of Infrastructure Jimmy Gasore.

“We are not just building homes; we are restoring dignity, enhancing public infrastructure, and reducing existing informal settlements. Every Rwandan deserves a decent place to live.”

City of Kigali Mayor Samuel Dusengiyumva echoed the sentiment, noting that the Nyabisindu development marks a significant milestone in the city’s broader urban upgrade strategy.

“Nyabisindu marks a significant step in scaling up the Mpazi model across Kigali. In close collaboration with citizens, we are creating resilient communities where no one is left behind,” he said.

Local residents have welcomed the initiative with optimism. Kanzayire Josiane, who lives in Amarembo II, described the project as life-changing.

“We have lived in old houses for years. Now, we see a future for our children. This is more than housing – it’s a new life for our community,” she said.

Josiane also praised the government’s efforts after visiting completed units in Mpazi, Gitega Sector, and commended President Paul Kagame for championing such impactful initiatives.

The Nyabisindu housing project is expected to be completed within one year.

May 23, 2025
Social media is hurting Rwanda’s youth, psychotherapist cautions (Video)

In a candid conversation on the Long Form podcast hosted by Sanny, Dr. Mutuyimana revealed how excessive screen time is fueling depression, addiction, and a loss of focus among young Rwandans, compounding the nation’s ongoing struggle with historical trauma.

“When you feel no support, when you feel rejected, at least you can look for another platform that can help you, and this is social media,” Dr. Mutuyimana explained, describing how youth turn to apps to escape feelings of isolation or inadequacy. However, this escape comes at a cost.

He shared the story of a client, a young professional, who became so addicted to her phone that she lost concentration at work, even checking TikTok during critical tasks.

“If you are always on your phone, you will never be you,” he cautioned, noting that constant consumption of others’ content stifles personal reflection and creativity.

Rwanda’s youth are particularly vulnerable. According to Dr. Mutuyimana’s social media’s addictive algorithms exacerbate feelings of helplessness and worthlessness.

“They are watching TikTok until the phone falls down,” he said, describing a cycle where youth sleep, eat, and work with their devices, leaving little time for real-world connections.

This obsession is not just a habit but a symptom of deeper issues, including family conflict and the intergenerational trauma stemming from the 1994 genocide against the Tutsi.

According to Dr. Mutuyimana, studies show that 30% of Rwandans experience post-traumatic stress disorder (PTSD), far above the global average of 1-8%.

For young people born after the genocide, the pain of their parents’ unresolved grief manifests in modern vices like social media overuse, alongside alcohol and drug abuse.

“They want to fill a gap inside,” he said, linking these behaviours to a search for fleeting happiness in a society still healing from collective wounds.

The psychotherapist also highlighted the physical toll of excessive screen time, echoing host Ntayombya’s personal experience.

“I had to go to the eye doctor because I was light-sensitive,” Ntayombya admitted, estimating he spent 18 hours a day on screens.

Dr. Mutuyimana warned that prolonged exposure to small screens at close distances can harm vision and disrupt sleep, further aggravating mental health issues.

So, what’s the solution?

Dr. Mutuyimana advocates for balance and systemic change. He urges youth to set phone-free hours to “enjoy food, family time, and celebration” and calls for schools and parents to teach digital literacy to curb addiction.

At Baho Smile Institute, Dr. Mutuyimana’s team offers group therapy and community programs that encourage youth to build meaningful in-person connections, countering the isolation driven by excessive social media use.

He emphasises the need for systemic solutions, like teaching digital literacy, to address the addictive nature of platforms that consume young people’s time and attention.

“We need to learn from social media, but we also need time to innovate,” he said, emphasising the importance of fostering creativity over passive consumption.

“Our young people, so few will innovate,” he warned, “because they are only following discoveries.”

Beyond social media, Dr. Mutuyimana revealed that over 20% of youth born post-genocide suffer from their parents’ unresolved pain, transmitted through abusive parenting or silence.

“When you are a traumatised parent, you are more likely to transmit,” he said, citing a client whose mother shared heavy trauma, burdening her as a child.

The interview also tackled what the doctor described as Rwanda’s “culture of silence,” where admitting mental health struggles is “unusual”, especially for men.

Dr. Mutuyimana noted that men are more likely to die by suicide due to societal pressure to suppress pain, while women, more open to expressing emotions, face higher rates of depression and PTSD. He called for a shift to normalise therapy.

Watch the full interview below:

May 22, 2025
Young AFR staff awarded scholarships as firm joins Women in Finance Rwanda Foundation

AFR, a non-profit company established in 2010 with the mission to promote financial inclusion and develop the financial sector in Rwanda, made a pledge to advance gender parity through signing the WIFR Gender Charter at its headquarters in Kacyiru.

The scholarships are part of a partnership between WIFR and the UK-based Chartered Institute for Securities and Investment (CISI), which provides certification in emerging fields such as sustainable finance and the future of finance.

The scholarship programme supports women across the financial sector by reducing the cost barrier to accessing globally recognised qualifications. While enrolment is valid for 12 months, learners can complete the CISI certification in as little as 12 weeks, depending on their schedule and commitment.

Speaking during the signing ceremony, AFR’s CEO, Jean Bosco Iyacu, reflected on the institution’s journey towards internal gender parity. He revealed that AFR has achieved equal representation of women on its board and executive committee and said the focus now shifts to increasing female representation across all staffing levels.

“This charter is not symbolic—it’s a reaffirmation that we’re still on the journey. We haven’t yet arrived,” Iyacu said.

“This charter becomes part of how we advocate for sector-wide change,” he added.

The charter signing and scholarship awards also highlighted AFR’s deepening collaboration with Women in Finance Rwanda, as the company recently signed a Memorandum of Understanding to support the foundation in conducting its first-ever survey to inform its activities.

“While individual institutions may know their internal figures, there’s a real gap in sector-wide data. We don’t fully understand the challenges women face that limit their progress—or worse, push them out of the sector altogether,” the AFR CEO added.

A general overview of the current landscape shows that while women make up 48.2% of Rwanda’s labour force compared to 65.6% for men, their presence in high-impact roles remains limited. In the private sector, only 32% of decision-making positions are held by women. Moreover, they are significantly underrepresented in higher-paying technical fields, limiting both their economic empowerment and influence on financial policy and innovation.

Dr. Diane Karusisi, CEO of Bank of Kigali and a WIFR Council and Institutional Member, represented the foundation at the event, where she emphasised to AFR staff that the movement is driven by action, not mere aspiration.

“Gender equity won’t happen if we just sit back and hope. It takes leadership. It takes intention. That’s why this partnership with AFR matters,” she said.

Dr. Karusisi noted that the CISI certification programme has already had a measurable impact. One of the four scholarship recipients from the Bank of Kigali’s previous cohort has since been promoted to a managerial role.

“That’s a clear example of the tangible impact this programme is having on women’s careers,” the CEO quipped.

Speaking on behalf of the new AFR scholarship beneficiaries, Honnête Isimbi, AFR’s Gender and Social Inclusion Specialist, stressed that the opportunity was not just about training, but about transformation.

“You’ve done more than just fund education—you’ve created access. You’ve opened doors to learning, to networks, and to platforms that have historically been difficult for women to reach. And we know that access is the first step toward transformation.”

Highlighting the broader impact of the partnership and the collective commitment within AFR, Agnes Uwanyirigira, AFR’s Chief Program Officer, emphasised the importance of institutional involvement in advancing gender equality.

“Today is a memorable day for the women at AFR who have grown, for the men, and for everyone who supports this agenda. I am proud to join Women in Finance Rwanda not just as an individual, but as an institution,” she remarked.

Beyond the scholarship programme, WIFR has also launched a mentorship initiative involving over 100 young professionals and 30 seasoned mentors. The programme aims to promote peer-to-peer learning and professional growth through structured group sessions over a nine-month period.

May 22, 2025
University of Rwanda to introduce nuclear science degree programme

According to university officials, the programme is in advanced stages of development and has already been validated internally. It is now under review by the Higher Education Council (HEC) for final accreditation.

Once approved, it will be Rwanda’s first degree programme dedicated to nuclear science.

Prof. Ignace Gatare, Principal of the College of Science and Technology, said the programme aims to build a skilled workforce to support national goals in nuclear energy and related fields.

“We are looking forward to receiving feedback from HEC in regards to the national framework for accreditation of the new program,” Gatare told the New Times.

The four-year curriculum will start with core courses in physics, mathematics, electronics, and measurement technologies. Advanced years will introduce specialised topics in nuclear technology, aligning with Rwanda’s broader plans to develop peaceful applications of nuclear energy.

This initiative complements Rwanda’s strategy to build a nuclear research centre in partnership with Russia. The centre will focus on producing radioactive materials for cancer diagnosis and treatment, enhancing agriculture through radiation technologies, and advancing industrial testing methods.

Rwanda’s ambitions go further. The country plans to host Africa’s first demonstration of a Dual Fluid nuclear reactor and is pursuing small modular reactor (SMR) technology to meet growing electricity demands sustainably. SMRs are compact, safer alternatives to traditional reactors and are seen as key to Rwanda’s Vision 2050 goals.

Fidèle Ndahayo, CEO of the Rwanda Atomic Energy Board, previously emphasised the urgency of diversifying energy sources. With national energy capacity currently estimated at 650–700 MW, Rwanda needs to boost output to as much as 4.5 GW by 2050 to fuel economic growth.

The new academic programme is expected to play a critical role in supporting this transition by producing professionals who can contribute to sectors such as energy, healthcare, agriculture, pharmaceuticals, and mining.

May 22, 2025
He killed over 300 Tutsis, served time and now reintegrated: The story of ‘Kimashini’

In his home area of Murundi Sector, Karongi District, Habiyaremye became widely known for the sheer number of people he killed during the Genocide against the Tutsi. Gacaca court records show he took the lives of more than 300 Tutsis, many of them his neighbours, acquaintances, and even friends.

Today, he still lives in the same region. The once densely populated hills of Gasharu Cell, where many Tutsi families had lived, now bear only terraced slopes and forests.

“That area was home to many Tutsis,” says Mukamatayo Anne Marie, President of Ibuka in Gasharu. “They were completely wiped out. Families like that of Mukakimenyi and Ntoyihuku vanished. No one from those homes is left.”

The story of Habiyaremye resurfaced during a past commemoration of the Genocide against the Tutsi, when the Minister of National Unity and Civic Engagement, Dr. Jean Damascène Bizimana, cited him as an example of the scale of killings that occurred in the area.

“One striking case is in Nyamushishi Cell, Murundi Sector, where one man was found to have personally killed more people than any other individual identified through the Gacaca court system,” Dr. Bizimana said.

“Habiyaremye Bernard, known as ‘Kimashini’, murdered more than 300 people by name. He even remembers some of them.”

During the Genocide, Habiyaremye participated actively in killings. He recalls how it began:

“We were neighbours. One day, a man said to me, ‘They killed my daughter. Now I have no one to avenge me.’ That’s when I started. His name was Tharcisse Nzabahimana—I killed him. After that, I continued. I felt like it would catch up with me if I didn’t.”

Eventually, Habiyaremye was arrested and tried under the Gacaca court system. After serving his sentence, he returned to live in the same community he had once terrorised.

“Those I killed were close to me—neighbours with whom we shared meals, worked together in the fields, and lived peacefully before the genocide,” he admits. “Some were killed by others, but we had all lived together.”

Surprisingly, Habiyaremye says he was not rejected by his community upon return:

“I’ve never been turned away. I eat where others eat. I can’t say I have enemies.”

On whether he feels remorse, he reflects: “I wasn’t myself—I was like a statue. No one with a heart could do what I did and claim to be a good person.”

He credits Rwanda’s post-genocide education and reconciliation programmes for helping him and others like him to reflect, take responsibility, and rejoin the community.

“Unity and reconciliation have been powerful,” he says. “If you look around Rwanda, it’s clear the country has been rebuilt.”

Habiyaremye believes the fight against genocide ideology is everyone’s duty: “It still exists, but it can be identified and rooted out. That mindset must not find space in Rwanda.”

He says he now lives in peace with genocide survivors—some of whose relatives he killed:

“We live together, eat together, and talk. No one tells me to go away. I don’t hide, and they don’t avoid me.”

He also thanked President Paul Kagame for restoring national unity and said he now plays a role in building the same country he once helped tear apart.

May 22, 2025
“Looking very good”: Trump applauds progress in mediation between Rwanda, DRC

Trump made the remarks while hosting Ramaphosa and his delegation, who are in the U.S. to revitalise diplomatic and economic ties with Washington.

In a wide-ranging discussion that touched on regional conflicts, trade, and African development, Trump singled out the Rwanda–DRC peace process as a highlight of his administration’s recent diplomatic efforts.

The mediation process is coordinated by Senior Advisor for Africa Massad Boulos.

“Looking very good,” President Trump said. “I’m hearing phenomenal reports because what I was hearing before was deaths, deaths and chopping of heads off. It was very horrible over there. It was really brave of you [Boulos], to go there. I really appreciate it. It looks like we have something very substantial.”

The U.S.-led mediation has made significant headway in recent months following widespread tensions that escalated after the takeover of large swaths of territory in eastern Congo by the M23 rebels, fighting what they describe as decades of persecution and marginalisation of Kinyarwanda-speaking Congolese.

While the Congo accuses Rwanda of backing the M23 rebels, Rwanda denies this, stating that its main concern is the presence of the FDLR militia group, linked to the 1994 Genocide against the Tutsi, and its collaboration with the Congolese army, which poses a security threat along the border with Rwanda.

During the meeting at the White House on Wednesday, Boulos confirmed that Rwanda and the DRC recently signed a declaration of principles and have submitted their respective versions of a peace agreement. A unified draft incorporating both proposals has now been shared with both parties for final review.

“We are in the process of finalising it,” Boulos said. “A couple of weeks ago, the two parties signed a declaration of principle in which they agreed on the way forward. They have both submitted draft peace agreements, and we have compiled one that incorporates their suggestions. It looks very good.”

The U.S. State Department last week also confirmed that a peace agreement draft had been shared with President Paul Kagame and President Félix Tshisekedi of the DRC.

If all parties approve the final version, a landmark signing ceremony is scheduled for June at the White House. Presidents Kagame and Tshisekedi are expected to attend the event, which will also feature the signing of new economic cooperation deals with the United States.

Before the deal can be finalised, the U.S. has outlined key preconditions, particularly for the DRC. These include disbanding the FDLR militia and enacting governance reforms to ensure a fairer distribution of national resources.

If successful, the agreement could usher in a new era of stability for the long-troubled eastern DRC and boost regional economic integration, with U.S. investments playing a pivotal role.

Trump said his involvement in the conflict was motivated by a desire to save lives, not geopolitical gain.

“I have nothing to do with Rwanda and Congo, but I felt I had a very talented person in this administration, and I sent him there. He did an unbelievable job. He has done the hardest part of the job. I want to save the lives of each and every African—if it’s in Europe, wherever it may be,” Trump told the delegation.

In typical fashion, Trump also drew parallels to other global conflicts, saying that “we settled” tensions between India and Pakistan “in less than two days” through strategic trade diplomacy, while also citing ongoing efforts to resolve the conflict between Russia and Ukraine.

“It’s a very small investment for me compared to the consequences,” he added.

Ramaphosa hails mediation efforts

President Ramaphosa thanked the U.S. for its role in pushing forward a peaceful resolution, revealing that the Southern African Development Community (SADC) had withdrawn its troops from eastern Congo to make way for diplomatic talks.

His visit to Washington comes amid efforts to reset relations between South Africa and the United States, especially in light of recent tensions and controversy over claims of racial violence in South Africa, which saw Trump offer refuge to white farmers fleeing the country.

Despite disagreements during the meeting, particularly when Trump raised long-standing “white genocide” claims, Ramaphosa expressed satisfaction with the private discussions, calling the visit “a great success” in opening communication channels and advancing trade opportunities.

Trump’s message to Africa

As Africa Day approaches on May 25, President Trump shared a broader message of peace and prosperity for the continent, stating that what he wants to see is peace across Africa.

“What I want is peace. I want to see happiness. I want to see health. You have an incredible land that has tremendous value—a lot of countries don’t have that,” he stated.

“We have settled a war that has been raging for years, Rwanda and the Congo, and I think we have done it.”

May 22, 2025
How Africa’s next big trade breakthrough could come through China’s inland ports

Tengjun International Land Port, operated by Yunnan Tengjin Logistics Co., Ltd., is quietly redefining inland connectivity under China’s Belt and Road Initiative (BRI) — and could eventually reshape how African goods reach consumers in Asia’s growing interior.

Located in Kunming, the capital of Yunnan, Tengjun Port spans over 3,600 acres and represents an 18-billion-yuan investment to develop China’s only national-level logistics hub in the southwest.

With bonded warehousing, multimodal rail connectivity, cold chain services, and a recognised international port code (CNKML), it is more than just a dry port — it’s a strategic node in China’s vision of land-based trade corridors stretching from Southeast Asia to Central Asia, and potentially, to Africa.

Tengjun Port is a flagship project under China’s 14th Five-Year Plan and forms part of the Western Land-Sea New Corridor, a logistics route designed to reduce dependence on congested coastal ports.

The port connects directly to Southeast Asian countries via the China-Laos Railway and operates cross-border cold chain trains, vital for transporting perishables and high-value agricultural goods.

Tengjin Logistics, the company behind the land port, is more than a transport provider. It is a national 5A-level logistics enterprise, recognised for innovation in digital supply chains, bonded logistics, and cross-border e-commerce — precisely the areas where many African nations, under the African Continental Free Trade Area (AfCFTA) and their own digital transformation agendas, are investing.

This matters for Africa. As the continent increases its production of exportable fresh produce, pharmaceuticals, and manufactured goods, the ability to access inland China via overland corridors — bypassing traditional chokepoints like Shanghai or Guangzhou — could become a strategic advantage.

It unlocks faster, more stable supply routes to major Chinese consumption centres that are geographically closer to Africa than they appear on a map, especially via Southeast Asian logistics hubs.

As African logistics platforms modernise, the potential to digitally integrate with Chinese inland ports becomes increasingly real. This could enable African exporters — whether shipping tea from Kenya, cut flowers from Ethiopia, or coffee from Rwanda — to digitally pre-clear goods, synchronise with e-logistics systems, and access Chinese inland markets through land ports like Tengjun.

Historically, the Africa–China trade relationship has been routed through China’s eastern seaboard. But that model is shifting. China’s focus on regional hubs such as Kunming, alongside increasing connectivity across the Greater Mekong region, opens up new trade lanes for Africa.

This shift could also reduce the continent’s reliance on maritime routes vulnerable to disruption, such as those in the Red Sea or through the Suez Canal.

Moreover, BRI projects now increasingly emphasise both “hard” and “soft” connectivity — infrastructure alongside institutional alignment. Tengjun’s evolution into a modern, one-stop trade platform shows how this approach can work — and potentially be replicated or linked with Africa’s own inland dry ports, from Nairobi to Niamey.

For African governments, port authorities, and private sector exporters, Tengjun is more than a Chinese success story. It is a window into a logistics future where Africa is not merely exporting raw commodities, but actively engaging with smart, regional trade ecosystems.

As China’s inland logistics hubs mature, African nations connected through BRI projects, digital trade platforms, and multimodal infrastructure may discover unexpected yet valuable opportunities, not just at the coast, but inland, on track, and online.

While Tengjun Port currently looks eastward toward Southeast Asia, one official accompanying our visit noted that Africa is not yet a core focus, but in four or five years, the continent may become part of their strategic priorities.

This quiet but telling remark suggests that while Africa is not yet central to current logistics flows in this corridor, it is increasingly on the radar for future expansion.

May 21, 2025
Frw 5.9 billion set aside to compensate residents in Muhanga Industrial Park zone

While addressing the Chamber of Deputies, Trade and Industry Minister Sebahizi Prudence revealed that the government is prioritising the development of both Muhanga and Musanze Industrial Parks in the upcoming fiscal year.

He noted that the Muhanga project alone will require over Frw 16 billion, although the 2025/2026 national budget has so far earmarked Frw 3.2 billion, as it is a multi-year project.

Out of the current allocation, Frw 5.9 billion is designated specifically for compensating property owners within the Muhanga Industrial Park zone.

Minister Sebahizi said that in the 2025/2026 fiscal year, more than Frw 2.2 billion will go towards resident compensation, while Frw 1 billion has been allocated for road construction and other essential infrastructure. However, the full cost of road construction in the area is projected to exceed Frw 10.5 billion.

Sebahizi stressed that the industrial parks initiative is aligned with Rwanda’s ambition to expand its manufacturing base and increase the output of locally produced goods.

The Musanze Industrial Park will also continue to receive attention, with infrastructure development—including roads—expected to cost Frw 7.8 billion. However, only Frw 2 billion is planned for use during the 2025/2026 budget year. Completion of the entire project is anticipated by 2029.

The Ministry confirmed that some residents still occupy land designated for the Muhanga Industrial Park. To date, 157 households have been relocated from 19.4 hectares, with additional families expected to be moved no later than the end of fiscal year 2025/2026.

Between 2022 and 2024, the government disbursed over Frw 2.7 billion in compensation to those already relocated from the Muhanga site.

Once completed, the Muhanga Industrial Park is expected to become one of Rwanda’s most significant industrial zones outside of Kigali.

The industrial park already hosts several manufacturing facilities, including Cheetah Cement, a Chinese-owned plant operated by Anjia Prefabricated Construction Rwanda Company Ltd, along with factories producing cookware, tiles, and hygiene products.

May 21, 2025