Rwanda
Prior to the coronavirus pandemic, Rwanda had made significant economic and social progress consistently for two decades, with per capita income almost tripling to US$ 2,000.
12 July 2024
The hospitality sector in particular has boomed in the wake of rising economic activity, with more than 10,000 hotel keys being added in the last 20 years. Global brands such as Radisson Blu, Marriott, and Radisson are all jostling for space in the rapidly developing hotel market. Kigali has become one of the preeminent African conference centre destinations and has been ranked just behind Cape Town as the continent’s best conference city by the International Congress and Convention Association.
"Global brands such as Radisson Blu, Marriott, and Radisson are all jostling for space in the rapidly developing hotel market in Rwanda."
In the residential sector, government initiatives to transition informal settlements with affordable housing developments are gathering pace, with about 150,000 new homes being delivered each year into the affordable segment of the market. While this is a significant number, hurdles in the form of high interest rates and soaring land and material costs are curbing an even stronger development pipeline.
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