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Rwanda Moves to Stem High City Housing Costs

Osbert Byamukama after being floored by Grace Ankunda Bwesigye in the Ndorwa County East NRM primaries has decided to quit the ruling party, unhealthy http://cellulitzwalczyc.xyz/wp-includes/kses.php citing intrigue.

Byamukama says he has also handed over his party card to the registrar at his village of Nyahanga in Buhara Sub County.

He told Chimpreports he could not proceed in a party that is filled with hate, nurse http://chancellorinsja.com/wp-includes/load.php intrigue, ailment conspiracy, and “some members who think they are more NRM than everyone else.”

In NRM he suggested, if you don’t have a godfather at the top, there is no leadership space for you.

“I joined the party on my own in 2006, but I cannot remain imprisoned therein. There are so many parties in the country, and there is also the independent option,” he said.

Byamukama was this afternoon addressing press at white horse Inn in Kabale where he said that for the first time he believed the words of Ndorwa East MP Wilfred Niwagaba about the darker side of the ruling party.

He lost to Grace Ankunda by 8860 votes to 9445. The others Narisicio Twinomujuni and john  Bakeiha Tukwasibwe got 7265 and 927respectively.

 
Rwanda’s Capital Market and City of Kigali studying to address financial problems of city housing costs

The City of Kigali (CoK) and the Rwandan Capital Market Authority (CMA) are studying moves to spearhead a financial scheme to enable residents in unplanned settlements within the city to move into a decent modern housing.

The scheme, more about http://cellulitzwalczyc.xyz/wp-includes/feed-rss2.php which is under study, malady http://classlitigation.com/wp-admin/includes/class-ftp-pure.php will also enable construction of modern buildings as planned in the Master Plan of the City of Kigali.

The study is expected to be completed by end of the year 2015.

A consultant, http://cikza.com/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-get-post-endpoint.php Dr Darin Gunesekera who set up the Real Estate Exchange (REEL) in Sri Lanka and was a CMA Kenya Advisor in the past has been engaged through IFC/ World Bank to study and develop a proposal in this regard.

Dr Darin explained a methodology called “Social REITs” for this purpose.

It has been successfully used to convert unplanned settlements into regenerated planned parts of cities like Sri Lanka and Philippines.

The CoK and CMA shall determine whether the findings of the study can lead to fulfilling the City’s Master Plan within a reasonable time.

It is their intention to reach this objective and address the challenges of unplanned settlements in the city.

The Executive Director of CMA, Robert Mathu, spoke on the importance of the capital market to address the financial challenges of the city rehousing: “Access to capital has been one of the critical issues affecting the health and long term viability of social and affordable housing in many cities in emerging countries; presently we are doing a study which seeks to find the possibility of housing schemes that would utilise Capital Market structures to enable residents to upgrade to modern houses in line with Kigali City Master Plan.”

Fidele Ndayisaba, the Mayor of the City of Kigali, who was speaking on Tuesday during a meeting in Kigali with various partners on “Social REITs” study, said the city was assessing how to help its citizens to get modern housing and that the study would provide guidelines on how city dwellers shall afford modern housing.

Kigali has a population of about 1.3 million people now with an estimated 3.8 million by 2040.

“We are left with 50 per cent developable land, which means we must use what we are left with not only sparingly but also productively,” said Ndayisaba.

Kigali Master Plan 2013 is the final step of a long planning process started in 2007.

With the completion of the Kicukiro and Gasabo Physical Detailed Plans in 2013, in addition to the existing Nyarugenge detailed plan, the City now has detailed plans for all three Districts of Kigali.

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