The Union Trade Centre is a pioneer modern mall in Kigali. It was taken into statutory management in 2013 after it was classified as an abandoned property. PHOTO | CYRIL NDEGEYA | NMG
The Union Trade Centre (UTC) mall Kigali has been auctioned for $8.1m (Rwf6.8bn) to recover taxes owed by the exiled tycoon Tribert Ayabatwa Rujugiro
The auction which took place on Monday evening saw Kigali Investment Company (KIC) buy the mall which its estimated value is at $20m. Court bailiff had put the value at $8m.
