Rwanda : Kigali City approves Rwf39 bn budget

 

Kigali City Mayor Fidele Ndayisaba

Kigali City Mayor Fidele Ndayisaba

The city of Kigali through its board meeting has approved Rwf39.3 billion for its 2012/2013 budget which will mostly be used for improvement of infrastructure within the city.

According to city authorities, the infrastructure will take the biggest share which constitutes 80 percent of the whole budget which totals to about34.6 billion.

“Our emphasis is going to be on constructing new roads and this includes lighting and putting in place of the drainage system.

We shall also improve the citizens services through completing of hospitals and schools that have already been commissioned, and this will take a big chunk of our budget,” explained City Mayor Fidele Ndayisaba in an interview.

Fifty percent of the funding for this budget will come from taxes; other funds will come from the central government while others will be loans from financial institutions.

This budget comes at a time when Kigali city authorities are keen at revising the construction in the city so that it can be at par with the city master plan.

However, the construction is not yet in line with what is stipulated within the city master plan which explains why much emphasis is being put on infrastructure this financial year.

Mayor Ndayisaba says that the year will also live the two districts of Gasabo and Kicukiro with well elaborated master plans which will help streamline construction works.

 

 

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About the author

Mr. Sina is the Managing Partner & Chief Editor of RwandaEye. After completing his post-graduation from the Faculty of Economics and Management, National University of Rwanda,he worked in various consulting capacities for equity and business firms in Kigali. A shrewd strategist, he is an Economic Pundit, entrepreneur and Investment Banker.

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