Key Takeaways
- • Raffles Family Office has agreed with the Rwanda Development Board to promote Rwandan developments to its high-net-worth client network across Asia and Africa.
- • The family office aims to mobilise "hundreds of millions of dollars" in investment in Rwanda in the coming years, according to Reuters.
- • Target projects include a new international airport under construction at Bugesera, plus hospitality, tourism, entertainment, real estate, infrastructure and supporting services across Bugesera, Kigali, Musanze and the wider country.
- • The initiative is linked to Rwanda's plans to host a Formula One grand prix from the early 2030s under a 10-year deal, with Africa returning to the F1 calendar for the first time since 1993.
- • Raffles Family Office opened a Rwandan representative office in Kigali earlier in 2026 and appointed former Rwandan cabinet minister Jean de Dieu Uwihanganye as principal for emerging markets and business development in September.
Summary
Singapore-based Raffles Family Office, which is headquartered in Hong Kong and Singapore, has agreed with the Rwanda Development Board to promote developments in the East African country to its client network, Reuters reported on October 22. The firm will work with its high-net-worth clients across Asia and Africa with the stated aim of "mobilising hundreds of millions of dollars" in investment in the coming years.
The targeted opportunities span infrastructure and tourism. Projects highlighted include a new international airport under construction at Bugesera, as well as hospitality, tourism, entertainment, real estate, infrastructure and supporting services in Bugesera, Kigali, Musanze and the rest of the country. The collaboration is also tied to Rwanda's plans to host Formula One racing. Reuters noted that the previous week it had been announced that Africa will return to the F1 calendar for the first time since 1993, with Rwanda set to host a grand prix from the early 2030s under a 10-year deal.
Chi Man Kwan, group chief executive officer of Raffles Family Office, said the partnership "creates a compelling channel for our clients to explore Rwanda's priority growth opportunities."
The agreement builds on the firm's existing presence in the country. According to Reuters, Raffles Family Office established its Rwandan representative office in Kigali earlier this year. In September, it appointed Jean de Dieu Uwihanganye, a former Rwandan cabinet minister and ambassador, as principal for emerging markets and business development.
The targeted opportunities span infrastructure and tourism. Projects highlighted include a new international airport under construction at Bugesera, as well as hospitality, tourism, entertainment, real estate, infrastructure and supporting services in Bugesera, Kigali, Musanze and the rest of the country. The collaboration is also tied to Rwanda's plans to host Formula One racing. Reuters noted that the previous week it had been announced that Africa will return to the F1 calendar for the first time since 1993, with Rwanda set to host a grand prix from the early 2030s under a 10-year deal.
Chi Man Kwan, group chief executive officer of Raffles Family Office, said the partnership "creates a compelling channel for our clients to explore Rwanda's priority growth opportunities."
The agreement builds on the firm's existing presence in the country. According to Reuters, Raffles Family Office established its Rwandan representative office in Kigali earlier this year. In September, it appointed Jean de Dieu Uwihanganye, a former Rwandan cabinet minister and ambassador, as principal for emerging markets and business development.
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