The Government of Rwanda, Africa50 and the Arab Bank for Economic Development in Africa (BADEA) have broken ground on the 61-hectare (151-acre) Kigali Innovation City (KIC) project in Rwanda.
The KIC is expected to become “the digital heart of Africa,” strengthening Rwanda’s global standing as an emerging digital hub dedicated to fostering the growth of digital entrepreneurs, businesses, students and professionals relocating to the country. The new project will be one of the largest smart cities in Africa.
The facility will accommodate top-tier and world-class universities, startup incubators and accelerators across disruptive and data-backed sectors, such as robotics, artificial intelligence, machine learning and more. The KIC is projected to reach a value of $2 billion when completed, generate $150 million in ICT exports annually and attract more than $300 million in foreign direct investment.
KIC, a public-private partnership with Africa50 and Rwanda De