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The city of Kigali is gearing up for the public offer of city bonds amounting to Rwf300 billion ($526.3 million), to be raised in eight years, with annual coupon interest between 11% and 12%.

The date for the issuance expected to be announced in the first two weeks of August,which would see the bonds be issued over several period.

The money being raised is intende to finance the  Kigali city master plan  which focuses on broad guidelines toward planning the city for the next 100 years in order to have a city totaly liveable for the expected three million expected citizen by then.

Source:busiweek