Asia’s Raffles Family Office has agreed with the Rwanda Development Board to promote developments in the African country to its client network, including infrastructure and tourism projects surrounding Rwanda’s plans to host Formula One racing.
Raffles Family Office, which has headquarters in Hong Kong and Singapore, will work with its high-net-worth clients across Asia and Africa with an aim of “mobilising hundreds of millions of dollars” in investment in the coming years.
Projects include a new international airport under construction at Bugesera, as well as hospitality, tourism, entertainment, real estate, infrastructure and supporting services in Bugesera, Kigali, Musanze, and the rest of the country.
“This strategic collaboration creates a compelling channel for our clients to explore Rwanda’s priority growth opportunities,” said Chi Man Kwan, Raffles Family Office’s group chief executive officer.
Last week, it was announced that Africa will return to the F1 calendar for the first time since 1993, with Rwanda set to host a grand prix from the early 2030s in a 10-year deal.
Raffles Family Office earlier this year established its Rwandan representative office in Kigali.
It announced the appointment of Jean de Dieu Uwihanganye, a former Rwandan cabinet minister and ambassador, as principal for emerging markets and business development, in September
Reuters
