Palm Estate Project, Rwanda

The Palm Estate project is an example of an ongoing mixed use project in Rwanda. Shelter Afrique signed a loan agreement for USD 6.5 million in October 2012, with the MD of Ujenge Rwanda Ltd. to co-finance the development of Palm Estate in Kigali, Rwanda.

This project, additionally co-financed by Ecobank Rwanda, is estimated to cost a total of USD 12.6 million for three blocks of apartments to include 168 units for outright sale as well as commercial and entertainment facilities for rental.

Ujenge Limited is a management and construction company, with architectural and technical design capabilities, established in Kigali, Rwanda, in 2008. As part of its growth strategy, Ujenge is now engaged in property development, and the Palm Estate Project is one of its early initiatives.