Investment Group commits U.S. $27.2m
Date: 8th-January 2008
Rwanda Investment Group (RIG), a private investment company created by some 43 local investors has committed Rw500billion (US$27.2million) to investment in the country.
The company that was created in September 2006 and headed by the Rwandan business tycoon Mr. Tribert Rujugiro, is investing in extraction of methane gas in Lake Kivu in the western part of the country, silk and cement production, maintenance of Kigali industrial park and peat extraction.
It is also targeting a pharmaceutical industry in the southern province. So far, Rw5billion (US$9million) has been invested in different projects while the remaining Rw9billion ($16million) capital awaits new projects.
Speaking to the chairman of the company Mr. Tribert Rujugiro, he said that the company’s ongoing fruitful investments include production of cement shortly after the acquisition of the only state owned cement factory located in the western part of the country last year.
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