M a r k e t N e w s

CONSTRUCTION AND DEVELOPMENT OF HOUSING SECTOR, GROWING IN RWANDA

Posted on : Wednesday , 10th April 2019

The construction sector in Rwanda is experiencing a huge boost due to the population growth rate of 2.7% annually. The growing demand in the construction and real estate sectors is being experienced by Rwanda on a massive scale.

Every year 28 thousand and 35 thousand housing and commercial units are in demand within Kigali; struggling to meet this need are the developers.

"Taking a significant chunk of the GDP the construction sector has really boomed in various sectors, infrastructure, offices and developments.

We still have a high demand to address on the real estate part," said Patrick Sebatigita, CEO of Ujenge Group and a member of the Young Presidents' Association.

    The burden of investing in a real estate project can be felt because of the high interest rates on mortgage says Sebatigita.

 "People think to focus on reducing the construction cost but it could be a bit complex than that if we want to address demand" says Sebatigita. He also said that, more than fifty per cent of the construction material is imported for the projects in the region and the East African bloc is trying to compensate by waiving fees for this issue.

To produce finishing materials like flooring or ceilings the government should provide an incentive in the bloc suggests Sebatigita.

The first condominium home was built by Sebatigita's Ujenge Group in Rwanda, “The group faced quite a few challenges while building the first condos fortunately or unfortunately”. But the people were keen on getting condos he said.

Scarcity of space will drive the people of Rwanda to look for options in high rise instead of horizontal housing projects, he theorizes. 

In terms of really capturing the market we have a long way to go but the demand is there, Sebatigita adds that the financial package on the mortgage side is still tailored on trade models, as commercial banks are really getting involved in East Africa. Sebatigita thinks that they need to think more inclusively and adapt as the context did not exist before and the transition is pretty slow.

Source : Bizmart
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  • Specialising in different product lines for road construction industry.
  • Varsiva Enterprises Ltd is a major importer and exporter of construction equipment and machinery.
  • Adhesives and Sealants for the Automotive, Electronics and Consumer Industries
  • Arihant has evolved into a full range of children Playground equipment, Water Park Equipment, Amusement Rides as well as it owns and operates its own water park called
  • ECAT is an independent manufacturer that is leading the Egyptian market in water based flexographic inks and varnishes for over 20 years (previously promoted as Wafa chemical).
  • Grundfos is a global leader in advanced pump solutions and a trendsetter in water technology.
  • One of the top leading manufacturers of the accessories for aluminium door& window in China
  •   Canalfil is a leading manufacturer of stainless steel conduits ITES is a leading company in Italy in the production and sale of cable systems and metal suspension.
  • Trade Exhibition
  • Eco-Steel Africa is committed to providing a turn-key solution with Design & Build Systems that are irrovative, cost-effective, fast ane echo-friendly.
  • PAN MIXERS SOUTH AFRICA is Africa
  • Weiler is one of the leading suppliers of machinery and complete production facilities for the manufacture of concrete precast worldwide.
  • Products includes digital rim lock, architectural ironmongery, digital keyless, fire doors and wireless technology for online and offline door control
  • One of the largest rent equipments companies
  • Crown has grown to a company with an annual turnover of 4.4 Billion Kenya Shillings and now produces 2 Million Litres of paint per month
  • Our products are widely used in industries of metallurgy, nonferrous metals, machinery, construction materials, petrochemicals, pharmacy, fertilizer and chemistry.
  • Exporter of Alloys & tool steel
  • We are primarily involved in the following product range of material processing equipment: Crushing Equipment, Screening Equipment and Washing Equipment.
  • HawkeyePedershaab is the worldís leading provider of innovative solutions for the concrete pipe and manhole markets
  • Blue Star is India
  • The key to the inventor air conditioning units success is that they are specifically designed to enable the modern individual invent his own custom made living and working conditions.
  • Apex Steel is amongst Kenya
  • S-Conn becomes the leading designer and manufacturer of RF Connectors, Cable Assemblies and Antenna in Taiwan.
  • Equipment & Tires that construct Africa
  • The company was founded by Luther O. Draper in 1902 to manufacture window shades for schools, and that was Draper
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade