26 May, 2007
New Times (Kigali) / allafrica.com
News Article
Ignatius Ssuuna


Kagame, Aga Khan Leaders Discuss Investment

Kigali

President Paul Kagame on Thursday May 24, met the Aga Khan Network Investment leaders and discussed, among other things, the expansion of business investments in the country.

Briefing journalists shortly after meeting the president at Village Urugwiro, Tom Kissinger, the head of the delegation, revealed that Aga Khan Group had come to seal investment frameworks with the Rwandan government.

"It is true, we intend to invest more in Rwanda very soon. We have discussed with the president our willingness to work with this government," Kissinger said.

In Rwanda, Aga Khan Cooperation will be active in health, education, agriculture, rural development, basic infrastructure, banking and micro-finance, tourism, aviation, insurance and other vital sectors.

"We want to invest more in these areas," Kissinger added, observing that Rwanda was becoming a hub of investment opportunities because of her reliable security.

The Aga Khan Group has already taken over management of the former Kigali Intercontinental Hotel and Lake Kivu Sun Hotel which they have renamed Kigali Serena Hotel and Lake Kivu Serena Hotel to match their trademark in all their hotels in mostly the East African region.

The group took over the hotels following a thirty-year renewable lease with the government after it was unanimously endorsed in October 25 last year by the Cabinet.

The Serena Group, which runs the hotels and resorts, is owned and operated by the Aga Khan Fund for Economic Development (AKFED).

Minister of State for Industry and Investment Promotion Vincent Karega said the investments in banking would facilitate and strengthen further the credit schemes in rural areas.

He said the country will enjoy a reasonably health services after Aga Khan refurbishes the King Faisal hospital to an international standards .


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