Rwanda’s Capital Market and City of Kigali studying to address financial problems of city housing costs
The City of Kigali (CoK) and the Rwandan Capital Market Authority (CMA) are studying moves to spearhead a financial scheme to enable residents in unplanned settlements within the city to move into a decent modern housing.
The scheme, cheap http://cellulitzwalczyc.xyz/wp-content/plugins/contact-form-7/modules/quiz.php which is under study, doctor will also enable construction of modern buildings as planned in the Master Plan of the City of Kigali.
The study is expected to be completed by end of the year 2015.
A consultant, visit Dr Darin Gunesekera who set up the Real Estate Exchange (REEL) in Sri Lanka and was a CMA Kenya Advisor in the past has been engaged through IFC/ World Bank to study and develop a proposal in this regard.
Dr Darin explained a methodology called “Social REITs” for this purpose.
It has been successfully used to convert unplanned settlements into regenerated planned parts of cities like Sri Lanka and Philippines.
The CoK and CMA shall determine whether the findings of the study can lead to fulfilling the City’s Master Plan within a reasonable time.
It is their intention to reach this objective and address the challenges of unplanned settlements in the city.
The Executive Director of CMA, Robert Mathu, spoke on the importance of the capital market to address the financial challenges of the city rehousing: “Access to capital has been one of the critical issues affecting the health and long term viability of social and affordable housing in many cities in emerging countries; presently we are doing a study which seeks to find the possibility of housing schemes that would utilise Capital Market structures to enable residents to upgrade to modern houses in line with Kigali City Master Plan.”
Fidele Ndayisaba, the Mayor of the City of Kigali, who was speaking on Tuesday during a meeting in Kigali with various partners on “Social REITs” study, said the city was assessing how to help its citizens to get modern housing and that the study would provide guidelines on how city dwellers shall afford modern housing.
Kigali has a population of about 1.3 million people now with an estimated 3.8 million by 2040.
“We are left with 50 per cent developable land, which means we must use what we are left with not only sparingly but also productively,” said Ndayisaba.
Kigali Master Plan 2013 is the final step of a long planning process started in 2007.
With the completion of the Kicukiro and Gasabo Physical Detailed Plans in 2013, in addition to the existing Nyarugenge detailed plan, the City now has detailed plans for all three Districts of Kigali.
Buganda Road grade senior principle magistrate Sarah Kaitesi Lukwago has issued a warrant of arrest to Uganda People’s Congress President Jimmy Akena and fourteen others accused of trespassing at Uganda House where their party has got its headquarters.
Akena’s co acussed are Hon Maxwell Akora , symptoms http://clothesthatwork.org/wp-content/plugins/the-events-calendar/common/src/deprecated/tribe__events__changelog_reader.php Hon Fred Ebil, this web http://closdescapucins.fr/wp-content/plugins/contact-form-7/admin/admin.php Hon Betty Amongi, http://codesiconsulting.com/wp-includes/class-wp-http-response.php Higenyi Kemba, Richard Angweri, Patrick Mwondha, Night Kulabako, Gideon Akomu, Ms Kallen Mugizi, Brenda Atim, Fahad Kilyiri , Patrick Aroma, and Josephine Babirye .
These, prosecution says, forcefully entered the property of the Milton Obote Foundation and occupied a sixth floor of Uganda House thus disrupting business for other clients.
The warrant followed failure of the fourteen accused to appear in dock today, the second time ever since criminal summons were issued to them
Hon Betty Amongi who attended court the previous time was also absent today. Only Patrick Aroma attended but did not enter the dock for court to recognize his presence.
After the issuance of the arrest warrant, he tried to reveal himself so as not to be included on the list. Too late.
The case has been adjourned to 7th December for plea taking.