Raffles Family Office and Rwanda Development Board Join Forces on Private Investment Drive
Raffles Family Office (RFO), a Singapore-based multi-family office, has signed a strategic capital mobilisation agreement with the Rwanda Development Board (RDB) to expand private sector investment in Rwanda. The partnership aims to channel hundreds of millions of dollars in foreign private investment into the country over the coming years, drawing on RFO's network of ultra-high-net-worth individuals and private investors across Asia and Africa.
Investment opportunities under the agreement span hospitality, tourism, entertainment, real estate, infrastructure and services across Bugesera, Kigali, Musanze and beyond. The collaboration is closely tied to Rwanda's ten-year Formula 1 agreement to host the African Grand Prix from the early 2030s, with a purpose-built circuit planned near the new Bugesera International Airport. RFO, which opened a representative office in Kigali earlier this year, has already begun engaging prospective investors and plans to organise in-country visits to connect capital with Rwanda's growing project pipeline.
Source: Rwanda Development Board
