Rwanda in recent time is proving everyone beyond doubt that it’s ready to compete with other world-class countries. Paul Kagame has shown a high-level class in his leadership pattern to see a new and developed Rwanda.
Rwanda (one of the East African countries) recently launched Africa ‘s first electronic Cross-fringe exchange stage with assistance from Alibaba Group’s eWTP (Electronic World Trade Platform) providing the linkage of private ventures over the mainland.
The latest news is the construction of the Kigali innovation city, the construction is proposed to cater for a Pan African human and economic development impact so as to aid Africa’s transformation agenda.
The huge technological project, Kigali Innovation City (KIC) is a private-public partnership between the Paul Kagame led government of Rwanda and Africa50- an infrastructure investment platform which was founded by the African Development Bank (AfDB) and the African States. KIC is projected to serve as an Africa continent’s indigenous silicon valley.
The site is located at the Special Economic zone at Kigali and is valued at about $ 2 billion. The KIC will also serve as host of world-class Universities, biotech firms, technology companies, commercial and retail real estate on 70 hectares of land.
During the Africa investment Forum held at Johannesburg, South Africa, the Africa Development Bank pledged to invest a whopping sum of $400 million into the project. This will further boost innovation in Africa city.
Rwanda government issued that Africa50; will focus on the real estate part of the project and this will include building retail and commercial complexes which is estimated at a cost of $315 million. The Digital Innovation Precinct which will also house all the technology companies in KIC and provide residential facilities for the employees working for companies within the ecosystem will also be handled by Africa50.
This innovative effort from Rwanda is the first of its kind on Africa soil and it will proffer Pan-African development impact on both economic and human capital. The Kigali Innovation City is expected to provide a job for over 50,000 people yearly. The Rwanda Prime Minister, Edouard Ngirente opined at the Africa Investment Forum that the aim is to build a critical mass of talent, research and innovative ideas that will transform the entire Africa.
The KIC is part of the Rwanda Government’s 2020 vision development programme and National Strategy for transformation between 2017 through 2024. The Prime minister added that the project is aimed at establishing the country as a globally competitive knowledge-based economy.
It should be noted that this project in Kigali is not the first attempt of building silicon valley in Africa. The Ghanaian developers led by Roland Agambire, the CEO of local tech company RLG Communications announced then plans to construct a $10billion tech hub in Prampram, the outskirt of Accra, the capital.
The development effort made by Roland was in the year 2013 during Ghana’s independence. The Ghana President that year, John Dramani Mahama led the grand ceremony, in fact, the American R&B star Chris Brown was at the national stadium to launch it. Sadly, the project never saw the light of the day. The failure was traced to scandalous and corrupt practices.
Kenya also made a concerted effort to build Konza Techno City which was to be an I.T focused and smart metropolis, but it never worked out despite the approval by the government in 2008.
The Kenya attempts was aimed at transforming 5,000 acres stretch of grassland in the Nairobi outskirt into a silicon savannah with world-class standard facilities that will cater for life sciences, business process outsourcing, education, and telecommunications was left in limbo due to legislation scandals.