{"id":2000130032,"date":"2026-10-22T12:01:17","date_gmt":"2026-10-22T10:01:17","guid":{"rendered":"https:\/\/new.igihe.com\/english\/?p=2000130032"},"modified":"2026-10-22T17:01:11","modified_gmt":"2026-10-22T15:01:11","slug":"rwanda-partners-with-asian-firm-to-attract-formula-1-linked-investment-and-beyond","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-partners-with-asian-firm-to-attract-formula-1-linked-investment-and-beyond\/","title":{"rendered":"Rwanda partners with Asian firm to attract Formula 1-linked investment and beyond"},"content":{"rendered":"\n

The partnership, formalised through an agreement with the Rwanda Development Board (RDB), aims to attract hundreds of millions of dollars in new private foreign investment over the coming years by connecting international investors with opportunities across Rwanda.<\/p>\n\n\n\n

In a joint statement, the partners said RFO will leverage its network of high-net-worth individuals, families and private investors across Asia and Africa to explore investment opportunities in sectors including aviation, hospitality, tourism, entertainment, real estate, infrastructure and supporting services.<\/p>\n\n\n\n

The collaboration follows Rwanda\u2019s 10-year agreement with Formula 1 to host the Formula 1 African Grand Prix, presented by Visit Rwanda, from the early 2030s. The race will take place at a purpose-built circuit planned near the new Kigali International Airport in Bugesera District.<\/p>\n\n\n\n

\"\"
The planned circuit will stretch approximately six kilometres in Bugesera District, about 40 kilometres south of Kigali, near the new Kigali International Airport.<\/figcaption><\/figure>\n\n\n\n

Rwanda hopes to use the event to attract investment beyond motorsport, with opportunities expected to extend to businesses and infrastructure supporting tourism, entertainment and other economic activities.<\/p>\n\n\n\n

Jean-Guy Afrika, Chief Executive Officer of RDB, said the partnership would support efforts to expand private sector participation in projects associated with the country’s Formula 1 ambitions.<\/p>\n\n\n\n

\u201cFormula 1 is a catalyst for a much broader investment ambition for Rwanda. Private sector participation is central to our approach, with opportunities extending well beyond the circuit into aviation, hospitality, tourism, entertainment, real estate and services,\u201d he said.<\/p>\n\n\n\n

Afrika added that the partnership would help attract investors interested in establishing businesses, creating jobs and generating long-term economic value beyond the race weekend.<\/p>\n\n\n\n

Chi Man Kwan, Group Chief Executive Officer of Raffles Family Office, said the collaboration would give the firm’s clients a channel to explore Rwanda\u2019s investment opportunities, particularly in sport, entertainment and infrastructure.<\/p>\n\n\n\n

He said the two organisations would combine RFO\u2019s international investor network with RDB\u2019s institutional support and project pipeline to attract long-term capital.<\/p>\n\n\n\n

Investment opportunities will span Bugesera, Kigali, Musanze and other parts of the country, with Airport City among the developments identified for potential investment.<\/p>\n\n\n\n

The planned Formula 1 circuit is part of a broader ambition to establish Bugesera as a destination for sport, entertainment and leisure activities. Beyond racing, the venue is expected to accommodate concerts, exhibitions and other events throughout the year.<\/p>\n\n\n\n

RFO established a representative office in Kigali earlier in 2026, strengthening its presence in Rwanda and engagement with investment opportunities across Africa.<\/p>\n\n\n\n

The firm has begun engaging prospective investors and plans to organise visits to Rwanda to explore potential projects and meet prospective partners.<\/p>\n\n\n\n

\"\"
Raffles Family Office is a multi-family office providing wealth management services to ultra-high-net-worth individuals and families.\u00a0<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Rwanda has partnered with Asian multi-family office Raffles Family Office (RFO) to mobilise private investment for projects linked to the country\u2019s planned Formula 1 African Grand Prix and wider economic development.<\/p>\n","protected":false},"author":131,"featured_media":2000130035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"archived_slugs":[],"footnotes":"","igh_game_id":0},"categories":[8],"tags":[151,69],"byline":[192],"hashtag":[],"class_list":["post-2000130032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-editors-choice","tag-homehighlights","byline-wycliffe-nyamasege"],"bylines":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":2000122456,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/WhatsApp-Image-2026-08-14-at-11.58.47-AM.jpeg","title":"WhatsApp Image 2026-08-14 at 11.58.47 AM","mime_type":"image\/jpeg"},"user_id":131,"twitter_handle":""}],"contributors":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":2000122456,"url":"https:\/\/cdn.igihe.com\/en\/2026\/08\/WhatsApp-Image-2026-08-14-at-11.58.47-AM.jpeg","title":"WhatsApp Image 2026-08-14 at 11.58.47 AM","mime_type":"image\/jpeg"},"user_id":131,"twitter_handle":""}],"featured_image":{"id":2000130035,"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/A1A02457.jpg-1200x750-1.jpeg","alt":"Rwanda partners with Asian firm to attract Formula 1-linked investment and beyond","caption":"","mime_type":"image\/jpeg","width":1200,"height":750,"sizes":{"thumbnail":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/A1A02457.jpg-1200x750-1.jpeg","width":1200,"height":750},"medium":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/A1A02457.jpg-1200x750-1.jpeg","width":1200,"height":750},"medium_large":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/A1A02457.jpg-1200x750-1.jpeg","width":1200,"height":750},"large":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/A1A02457.jpg-1200x750-1.jpeg","width":1200,"height":750},"full":{"url":"https:\/\/cdn.igihe.com\/en\/2026\/10\/A1A02457.jpg-1200x750-1.jpeg","width":1200,"height":750}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000130032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=2000130032"}],"version-history":[{"count":1,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000130032\/revisions"}],"predecessor-version":[{"id":2000130036,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000130032\/revisions\/2000130036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000130035"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=2000130032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=2000130032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=2000130032"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=2000130032"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=2000130032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}