President Kagame lays the foundation stone for construction of Kigali Financial Square

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Transcript

00:00 [MUSIC PLAYING]

00:03 [VIDEO PLAYBACK]

00:05 [MUSIC PLAYING]

00:08 [APPLAUSE]

00:23 - We are here to do groundbreaking for $100 million

00:30 Twin Tower that will be a square that will provide the grade one

00:36 offices, lead certified offices in terms of readiness,

00:45 that will have a complete office of 24 stories

00:51 and a 20 story hotel building with apartments

00:55 and two floors of retail opportunity

01:00 for Rwandese to interact with the international community.

01:04 We're hoping this building would attract investment banks,

01:11 technical specialists in the development space, legal firms,

01:16 experts in finance.

01:19 Under Mokta, I'm looking at you.

01:21 We hope IFC will open the African Legion office.

01:28 - Here we are witnessing the investment that is being made.

01:35 So I thank Equity Holding Venture Capital

01:47 for choosing our country for this project.

01:51 This business center will advance Rwanda's ambition

02:01 of becoming a trusted hub for financial services.

02:09 For the past two years, the pandemic

02:13 has slowed down economic growth and deepened inequalities.

02:20 But that is not going to be a permanent state for us

02:28 or for the region or for the continent.

02:32 I think things will again start going upward.

02:39 Regional financial hubs are critical

02:43 to attracting new investment and getting us back on track.

02:49 Our country's stability and business-friendly environment

02:55 are an added advantage.

02:58 And we have in our country and together

03:02 with the members of our region,

03:06 we try to keep working at it to make sure that the stability

03:16 is something we can look up to for many years ahead of us.

03:25 But this project is also about the future of our people

03:31 and our most valuable asset, that is our people.

03:42 Over the years, we have created meaningful partnerships

03:48 which have contributed to our development.

03:55 Therefore, have no doubt that it will be the same

03:59 for Kigali Financial Square.

04:05 You have our full support and count on us

04:12 as a reliable partner.

04:13 I mean all those who are investing in our country

04:20 with us or in us.

04:24 So I want to thank all the partners.

04:29 Manji, Maktar, Desi Knife, I don't know whether he's around,

04:36 but he's been a very strong partner

04:38 in these different areas.

04:43 We have partners in countries, different countries,

04:51 whether it is UK, the European Union countries,

04:59 United States.

05:02 We always tell our partners that they --

05:11 or we try to convince them that we are reliable partners.

05:18 You have us as a partner.

05:21 You have a partner you can rely on,

05:23 and we will do our best and make sure you feel every dollar

05:31 you invested with us is going to have its full worth of return.

05:43 [applause]

05:49 So about the towers they have designed to build,

06:03 I had an opportunity to make an input in that.

06:11 [applause]

06:15 If you see any bad building coming up in the city,

06:20 you just know I didn't have a hand in it.

06:26 So I'm expecting that this one will come out very well.

06:35 So Manji, thank you very much again,

06:39 and everyone who worked with you,

06:41 who works with you to make this happen.

06:47 IFC, thank you very much for your continued presence

06:55 in this partnership.

06:59 We wish to have for things to be able to move forward.

07:08 And so as they say, in a case,

07:11 [speaking in foreign language]

07:15 [applause]

07:19 [music]

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