Located in Masaka Sector of Kicukiro District, ‘Afriprecast’, the first of its kind in the country is owned by Rwandan investor, Alexis Bayigamba.
Worth $25,000,000 the factory will provide jobs to 1,000 people.
Kagame commended Bayigamba for investing in Rwanda saying that it is a valuable boost to Rwanda’s industrial sector.
Bayigamba has similar investment in Angola.
“Bayigamba had been investing in Angola, I would also wish to request people from Angola to also invest in Rwanda, it is not mandatory to invest in construction, you can also invest in other sectors, we shall be glad to help you, you will also find partners in Rwanda along the execution,” Kagame said.
The President said that the factory will employ a significant number of people and impart new skills to the workers.
“AfiPrecast will reduce our country’s import bill and we expect that these products will be exported to the region as well. It means a lot that this is a Rwandan investment. We continue to welcome investors from all over the world, starting from home,” he said.
He said the government will continue to do its best to support the private sector in getting the most from creative investments.
Bayigamba commended Kagame’s leadership that provides conducive investment environment in the country.
“We appreciate your leadership that makes such investment possible. You have supported us and we got all the necessary during the construction,” he said.
The factory occupies 15 hectares of land. The firm’s construction works started in May 2015 and started production in March 2016.