Rwanda: Plans for New $40 Million Five-Star Hotel Unveiled

Posted to the web 9 October 2008 Felly Kimenyi Nyarugenge New Century Development Limited, a Hong Kong registered company yesterday unveiled a plan for a Five Star Hotel they will construct in the heart of Kigali City. The Hotel, which will be located at the current Jali Club and the Headquarters of both Rwanda Television and Nyarugenge District premises, will be constructed at a cost of $40m (approx. Frw22bn). "The construction begins in January next year and will take two years for the hotel to be fully finished," said Billy Y.T Cheung, the Chief Executive Officer of African Star Limited, a subsidiary of New Century Development. According to Cheung, the hotel, which will have over 200 luxury rooms, is the first investment the company, which mainly deals in real estate development, is sinking on the African continent. "We... [read full story]