The Minister of Natural Resources, Stanislas Kamanzi has said that government intends to repeal the existing land law to address the loopholes in the previous organic law governing land use.
Minister Kamanzi said that if amended the new law seeks to ensure transparency in land use.
He was quoted by Newtimes saying, “Previously, people would access any size of land for investment without proper justification that they really needed that size of land.”
Kamanzi notes that In the new bill, “we will regulate that and say that, at least one can have a minimum of five hectares for investment and if it is proved that more is required, the Minister in charge can approve.”
According to the minister, once the new law is passed, foreign investors will continue to get free hold titles but with possibility, for example, of a share agreement in which Rwandans will own 51 per cent shares in a company.
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