Investors turning to apartments

With a fast-growing economy, huge inward investment from private sources and a booming tourism sector, Rwanda is becoming the best locations in the region to make money from property.

With a fast-growing economy, huge inward investment from private sources and a booming tourism sector, Rwanda is becoming the best locations in the region to make money from property.

Information from Rwanda Investment and Export Promotions Agency (Riepa) indicates that 22 hotel projects were registered.

Some have already taken off, reducing pressure on the few big hotels in the country, but also giving them  a run for their money.

In Nyarutarama and Gacuriro— the affluent residential areas in Kigali such facilities have started offering accommodation and conference service at cheaper prices.

The facilities include Royal Villa and Golf Residence House and Aberdeen House.

Aberdeen House, a modern Bed and Breakfast (B&B) house in the country strikes a customer's mind.  It is designed to combine the Scottish highlands, high end B&B, Jonas Musana, the manager of the complex said.

The complex has 10 rooms with two suit facilities. It also has a conference centre with a capacity of 150 people. “We are competitive. We offer first class services,” Musana says.

The complex has hired professional and experienced staffers.

Accommodation charges range from $60 (Frw33,000) to $250 (136,000).

All the rooms have television sets fully connected with DSTV & GTV channels and DVD players.

“You will be able to relax in our walled garden and enjoy a cup of fresh Rwandan tea or coffee on parasols that adds to your comfort and relaxation,” Musana said.

“We shall also introduce special buffets for the special theme events, because Kigali needs some more entertainment and new concepts,” said Mr Musana.

But despite the the increasing number of investments in the hotel sector, Riepa says room accommodation is still inadequate.

Adding that the hotel sub-sector remains a priority investment area in the country.

Some guests were booked Aberdeen House when the country hosted the 1st East African Investment Conference.

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