IFC to invest $17.5m in mega mixed-use complex in Kigali
The Kigali Convention Centre has become a popular destination for meetings, incentives, conferences, and exhibitions in the East African region. PHOTO | CYRIL NDEGEYA | NMG
The International Finance Corporation (IFC) will invest $17.5 million in French real estate conglomerate Duval Group to develop a mega mixed-use building complex opposite the Kigali Convention Centre in the Rwandan capital.
The private sector lending arm of the World Bank Group said in a disclosure that it would provide the debt through Duval Group’s subsidiary, Duval Great Lakes, and mobilise up to another $17.5 million from other lenders towards the project.
