Strict Standards: Only variables should be passed by reference in /home/t3user/html/minicom/nmc/config/ecran_securite.php on line 283
National Monitoring Committees on NTBs
Minister Kanimba receives KCB developers club in Rwanda for a Three day visit
 
Posted on : 23 - Jul - 2012 - Viewed : 47 times

A delegation of 42 Members of Kenya Commercial Bank Group Developers Club is in the country with the aim to share their experiences and seek the Rwandan developers looking for partnerships in the real estate industry.

According to Maurice Toroitich, KCB Rwanda’s Managing Director, the 42 members delegation from Kenya and Uganda, is in the country for a fact finding mission to explore opportunities to partner with local developers to bridge the gap in the real estate sector.

While receiving the delegation Hon. Minister Kanimba François highlighted that Rwanda is looking for an accelerated growth in the coming decade to be able to achieve the Vision 2020 targets mainly aiming at shifting the Country from a least Developing Country to Middle income Country.

“We strongly believe that the construction Industry in Rwanda is still an opportunity for investors”. The Minister noted, adding that those who need to invest for longer term in such sector should target the middle incomes estates instead of looking at the upper range of the society which is limited in nature.

The Developers club was launched in 2009 with the aim of providing a unique platform that allows both established and potential estate developers to meet and share ideas as well as other professionals involved in the real estate business. The Club has currently over 300 members and it is assisting developers to sell their units through KCB’s network and corporate partners.

The KCB Rwanda’s Managing Director said that the Rwandan subsidiary is set to launch a similar club this year. KCB Rwanda launched its mortgage product last year by offering a minimum of 10 per cent deposit for first time home owners, a minimum 20 per cent deposit for residential units under construction and 30 per cent deposit for non-residential commercial properties.

The club has had successful trips to South Africa and China in the past years and there are plans to visit Malaysia and Singapore in October 2012. These trips have exposed members to various developments and technologies being applied successfully in these markets, and also provide exclusive opportunities for members to go on fact finding trips to expand their understanding of the exciting and potentially rewarding world of real estate development at discounted packages.

The delegation is scheduled to visit low cost housing projects to learn about challenges facing African countries with a growing middle class who lack affordable housing either for outright purchase or mortgage purposes.

 
c

       Rwanda-Uganda Joint Technical Committees on trade (...)

       Motor garage owners reap from PSF’s advocacy

       With Kigali International Arbitration Center, PSF (...)

       PSF workshop with businesses on implications of EAC (...)

       Government seeks to streamline fuel trade

       MINICOM-ITC consultative meeting to discuss the draft (...)

       Efforts intensified to eliminate NTBs – Rwanda keen to (...)

       Easing regional trade by reducing dwell times at (...)

       The East African Community Partner States and...

       NMC members trained on advocacy strategies and (...)

       EAC-COMESA-SADC SMS REPORTING SYSTEM LAUNCHED

       EAC Partner States meet to address remaining NTBs (...)

       BARRIERS TO RWANDAN TRADE TUMBLE – THEO KEEPS ON (...)

       Rwanda - Uganda Form Border Committees to Eliminate (...)

       The regional single customs territory will be ready by (...)

       Revised transit fees to boost regional trade.

       Rwanda starts work on regional railway project.

       Tripartite ministers endorse single tourist visa, (...)

       EAC urged to speed up single customs territory.

       NMC members trained on SMS feedback system

       Outcomes of the 12th EAC regional forum on NTBs.

       Rwanda NMC members trained on Nature and Classification (...)

       Fight against NTBs intensified by EAC partner (...)

       Easing cross border trade by eliminating Non Tariff (...)

       Towards a fully-fledged Single Customs Territory in (...)

       Easing trade and transport along the Northern (...)

       Central corridor member states eager to reduce trade (...)

       Outcomes of the 18th EAC regional forum on elimination (...)

       Operationalization of Border Committees at Kagitumba, (...)

       Progress in elimination of NTBs in the EAC : experts’ (...)