Connect with us

Hi, what are you looking for?


Top Story

Shelter Afrique to Develop Another 10,000 Affordable Homes in Rwanda

NAIROBI, Kenya, Oct 20 – Shelter Afrique Board has approved the development of the Kinyinya Park Estate Project- a 10,000 integrated and sustainable large scale housing project in Kigali, Rwanda in partnership with Rwanda Social Security Board (RSSB), Ultimate Developers Limited (UDL), Development Funding Institution (DFI), Eastern and Southern African Trade & Development Bank (TDB), The Development Bank of Rwanda(BRD) and an internationally acclaimed large scale Engineering, procurement and construction (EPC) Contractor.

The project is expected to cost approximately $400 million out of which TDB has approved a facility worth US$150 million to Shelter Afrique to support the first 2 phases of the project.

Making the announcement in Nairobi, Shelter Afrique Board Chairman Dr. Steve Mainda said the Company is committed to its 2019-2023 strategic goals, which focus on achieving both development impact on all large scale housing projects so as to achieve the creation of value for shareholder.

“As a board we are committed to ensuring that the Company achieves its mandate of providing affordable housing across Africa by embracing viable public-private partnerships such as the Kinyinya Park Estate housing project,” Dr. Mainda said.

Commenting on the development, Shelter Afrique Group Managing Director and Chief Executive Officer Andrew Chimphondah said that the sizeable housing deficit in Africa could only be addressed by undertaking large-scale housing development projects.

“It is the reason our strategy places a premium on Private-Public-Partnerships (PPPs), which we believe are critical to delivering affordable housing. We are also exploring similar projects in Kenya, Tanzania, Uganda, Zimbabwe, Ivory Coast and Nigeria. We expect to have these projects replicated in most of our member countries going forward,” Chimphondah said.

The Kinyinya Park Estate project is Shelter Afrique’s second large-scale housing development project in Rwanda after the Company commissioned 3000 affordable housing units in Rugarama Park Estate in Kigali in June 2019.

The project is located in the Gasabo District, Kigali, Rwanda, approximately 7 km from the proposed new Central Business District (CBD) at Muhima, and 8 km away from the Kigali International Airport. 

The land is owned by RSSB through its subsidiary UDL.  It has been conceptualised by Shelter Afrique and the EPC contractor to help address the large affordable housing shortage in Rwanda with the development of a sustainable urban mixed-use community.  

Advertisement. Scroll to continue reading.

The project will ultimately be a 10,000-unit community developed by Shelter Afrique across 5 phases over 3 – 4 years, consisting of 10,000 affordable apartments and 200 units of commercial outlets including schools, shops, and business facilities on behalf of RSSB.


More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...