The Pan African Housing Fund (PAHF), managed by Phatisa, has partnered with Kigali Batsinda Estate to develop a new residential housing complex in Kagugu Cell, Kinyinya Sector, Gasabo District, Kigali City, Rwanda.

Okomboli Ong’ong’a, deal team leader and Phatisa East Africa Fund Partner at the PAHF, said: “Phatisa recognizes the increasing need for affordable, good-quality housing options for the rapidly expanding middle class in Rwanda.”

Phatisa identified Rwanda’s residential real estate sector as a favorable investment opportunity for PAHF and is confident that this new development, Izuba City, will catalyze the development of more affordable housing schemes in Kigali City.

Izuba City is a 300-unit housing complex, featuring a range of options, from one-bedroom starter homes to three-bedroom family residences.

The modern development offers spacious living areas, balcony space and attractive interior layouts.

With full funding secured for the project, and thanks to value-enhancing project management and governance mechanisms, this co-investment with PAHF aims to enable Kigali Batsinda Estate to deliver Izuba City rapidly and with less risk.

Kigali Batsinda Estate is managed by a dedicated team of real estate professionals and is headed by Philippe Kubwimana.

Ong’ong’a said: “We are committed to providing much-needed equity to increase the supply of housing options into the growing city of Kigali through a range of innovative housing developments such as Izuba City, while securing an attractive return on investment.”

He added that Izuba City will soon be followed by a sixth investment in the region.