Financial hub ‘Master Plan’ to be launched

The Nyarugenge District Master plan, where Rwanda’s Central Business District (CBD) is to be located as a regional financial hub will be launched next month, according to availed information.
Graphic illustration of the Kigali financial hub. (File Photo)
Graphic illustration of the Kigali financial hub. (File Photo)

The Nyarugenge District Master plan, where Rwanda’s Central Business District (CBD) is to be located as a regional financial hub will be launched next month, according to availed information.

The plan to be launched on 5 of December, follows the Kigali City conceptual plan that was launched in last June as part of the implementation of the Vision 2020.

The city mayor Aisa Kirabo Kakira revealed this on Wednesday in a press conference organized by KCC at its headquarters.

According to the plan, some of the buildings in the city centre will either be razed or renovated.

The piece of land next to Radio Rwanda up to the Central Hospital of Kigali (CHK) has been gazetted for only construction of hospitality facilities including hotels.

Other areas to be affected include the area near the Akagera Motors, the Rwanda Office of Tourism Offices, KCC headquarters, the French cultural centre and all buildings between Rubangura House and the city plaza will all be razed down.

The area according to the plan we only have business buildings with 15 to 16 flows. Other areas to be affected include all buildings along city centre - Nyabugogo and Nyamirabo road, which will see some of them razed.

The area will also have buildings between 15 and 16 flows.
Kirabo however, said that the owners infrastructure will together with the district authorities specify time when the plan of their plots will be put into practice.

“We are not going to demolish any house. But the owners have to know the plan and design projects on how they can implement it in a specified time agreed with the district,” Kirabo said.

The Master Plan comes at a time when the Parliament is deliberating the Condominium Law. According to the Master Plan those who can’t afford constructing a building can agree with a credible investor on sharing the building.   

“The master plan has not come to expropriate people but to show everyone the way to development,” Kirabo said. She however, said that all houses that were built in wetlands will be demolished. 

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