Kagame inaugurates multibillion billion affordable homes project in Kigali
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President Paul Kagame has inaugurated an affordable homes project in Karama, Kigali sector of Nyarugenge district in Kigali City.
The multibillion eco-friendly homes are developed under a project dubbed ‘Bwiza Riverside Homes’ run by ADHI Rwanda Ltd.
ADHI Rwanda is a subsidiary of ADHI Corporate Group established in 2011 in Gabon.
The Bwiza Riverside affordable homes community project was designed primarily with first-time homeowners in mind. Qualifying buyers will choose from four distinct affordable home sizes and styles.
Each of housing units at the estate is estimated to cost between Rwf16 million and Rwf35 million.
Rwanda entered agreements with ADHI Rwanda Ltd in November 2020 to implement the project to be completed in five phases.
So far, seven model units have been completed. They are part of out of 245 units expected to be completed this year.
The unique construction method used in building ADHI homes consists largely of a patented system of light steel frames combined with lightweight concrete and other innovative elements to create green-certified homes.
The method results in 53% on-site energy savings and future cost savings for homeowners. Furthermore, Bwiza Riverside will use green infrastructure to develop a sustainable community with a low carbon footprint.
The government of Rwanda aims to create 150,000 new dwellings annually to meet the projected demand of 5.5 million dwellings by 2050. Through initiatives like the affordable housing program, the government seeks to address low and middle-income communities’ housing challenges.
Bwiza Riverside Home project is expected to build 2700 affordable housing units.
As he inaugurated the project on Friday 11th February 2022, Kagame was accompanied by First Lady Jeannette Kagame.
The ceremony was attended by different dignitaries including Government officials, bank leaders, diplomats accredited to Rwanda and members of the private sector.
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