The Head of State made the announcement during the FIA General Assembly held at the Kigali Convention Center, following months of reports of Rwanda's push to host the high-profile sporting event.
In his speech, Kagame expressed delight at the progress made so far, acknowledging the positive discussions with Formula 1 officials, led by CEO Stefano Domenicali.
Rwanda's bid to host the Grand Prix is part of a broader strategy to attract high-profile sports events to Africaâ€"a continent that has not hosted a Formula 1 race since the 1993 South African Grand Prix.
'I am happy to formally announce that Rwanda is beginning to bring the thrill of racing back to Africa by hosting the Formula 1 Grand Prix. A big thank you to Stefano Domenicali and the entire team at Formula 1 for the good progress in our discussions so far,' President Kagame stated.
'I assure you that we are approaching this opportunity with the seriousness and commitment it deserves. Together, we will build something we can all be proud of,' he added.
At the same time, President Kagame emphasized the unifying power of sports in a fragmented world.
'In a world where various forces are pushing us apart, the values of sportsmanship should bring us even closer together. It all comes down to respect and giving everyone the chance to contribute where they can. That's why it is so important for countries in every region and at every income level to have a fair shot at hosting international sporting events.'
He criticized detractors who have questioned Rwanda's efforts to host international events like the FIA General Assembly, stating, 'Sometimes, when a non-traditional host country is announced, it is as if we did something wrong, especially if you judge by the media reaction. These attitudes have to be left in the past, and the role of sports governing bodies is absolutely central.'
The initiative to host major events ties into Rwanda's broader economic transformation plan, which includes significant investments in sports infrastructure, such as the BK Arena, the renovated Amahoro Stadium, and the upcoming Zaria Courts Complex.
'Our philosophy has always been to make the most of our valuable resources. We understand that sports is not just about buildings or events but requires an entire ecosystem to cultivate talent and excite fans. This has a real and tangible impact, not only on our economy but also on our people. For every hotel, recreation facility, or restaurant that gets built, new jobs are created,' the president added.
Hosting a Formula 1 race would not only bolster Rwanda's motorsport ambitions but also create jobs, boost tourism, and enhance the nation's position as a key player in international sports.
The 2024 FIA General Assembly in Kigali is set to conclude on Friday evening with an awards ceremony honouring notable figures, including Formula 1 champion Max Verstappen.
Wycliffe Nyamasege
