Rwanda will host Africa’s first Silicon Valley.
Kigali the capital of Rwanda is becoming one of Africa’s fastest developing cities with groundbreaking infrastructural facilities boosting the country’s economy. The Eastern African country as of late propelled Africa’s first electronic cross fringe exchange stage in collaboration with Alibaba Group’s Electronic World Trade Platform (eWTP) to connect private ventures over the mainland. Another masterpiece is the Kigali Innovation City that has been a Pan Africa Human and Economic development impact to set up Africa’s transformation agenda.
This same city will be host to Africa’s first Silicon Valley that will comprise of world class universities, biotech firms, technological companies and real estate.
The USD 2 billion project will be a private public partnership between AfDB’s Africa50 and the Government of Rwanda. Africa50 will invest USD 400 million on the commercial and retail real estate which will be the major area of their investment.
“This is an innovative effort, the first of its kind on the continent. It will have Pan-African Development impact both in terms of economic and human capital. For instance, Kigali Innovation City is expected to create over 50,000 jobs annually. our aim is to build a critical mass of talent, research and innovative ideas that will transform Africa,” said Rwandan Prime Minister Edouard Ngirente at the Africa Investment Forum.
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