Kigali Innovation City project officially kicks off

The Kigali Innovation City project, a $300 million initiative, has officially commenced in Rwanda, marking a significant step towards transforming the city into a regional innovation hub. The project, which involves key sponsors such as BADEA and Africa50, aims to create jobs, empower youth, enhance skills, and establish Rwanda as a leader in innovation and technology. Ibrahima Cheikh Diong, Special Representative to the President of BADEA, highlighted the importance of infrastructure development and software investment in realizing the project s vision. BADEA, in partnership with Africa50, is providing critical capital support to build the necessary infrastructure for the Kigali Innovation City. This commitment reflects BADEA s dedication to the project s long-term success and its positive impact on both BADEA and the people of Kigali. In line with global sustainability efforts, BADEA emphasizes environmental, social, and governance (ESG) considerations in its projects. The Kigali Innovation City project serves as a model for sustainable development, demonstrating that economic progress can be achieved alongside environmental responsibility. Looking ahead, BADEA plans to continue supporting African development across various sectors, including ICT, infrastructure, education, and healthcare. With a legacy of over 50 years and $13 billion invested in Africa, BADEA remains committed to helping African nations achieve their development goals, focusing on demand-driven initiatives and empowering African governments to lead their own development agendas. The Kigali Innovation City project represents a significant milestone for Rwanda and Africa as a whole, showcasing the potential for innovative partnerships and sustainable development in the region. As construction progresses and the vision of the project comes to fruition, Kigali is poised to become a beacon of innovation and progress, inspiring other nations to foster a culture of creativity, technology, and sustainable growth.

Source: cnbcafrica.com
Published on 2024-09-11