New Rubavu Modern Market opens after 14 years of construction #rwanda #RwOT

Inaugurated on December 27, 2025, in Gisenyi sector, the modern facility cost 5.7 billion Rwandan Francs.

Work on the market started in 2011 but was stalled for nine years due to various setbacks. In 2021, the project was transferred to private investors under Rubavu Investment Company Ltd (RICO Ltd), who partnered with Rubavu District to finish the construction.

The four-level structure offers 2,500 square meters of space per floor, not including the roof and basement.

Minister of Trade and Industry Prudence Sebahizi emphasized the need for even more ambitious projects to align with Rwanda's Vision 2050.

"This market was conceived 15 years ago. I am confident that in the next three years, you will build others far larger, perhaps 15 times the scale. It was designed with a 2020 vision in mind, but today we are focused on 205," he noted.

'Under the second National Strategy for Transformation [NST2], there are plans to boost private sector investment, and the enthusiasm shown by the community has been remarkable. This is one of the most warmly embraced initiatives by its beneficiaries that I have witnessed. Alongside tourism, the trade sector in this area now needs at least three five-star hotels," the minister added.

He encouraged investors to build on the success: "You have impressive projects underway. When people unite, extraordinary results follow. Like RICO Ltd, expand your investments and take them beyond Rubavu. This market demonstrates the demand for high-value developments."

Jeanne Françoise Mubiligi, Chairperson of Rwanda's Private Sector Federation (PSF), commended the investors and developers for their role in bringing the project to fruition.

Rubavu District Mayor Prosper Mulindwa called the opening a milestone for the community.

"This is a momentous day for everyone here," he said. "The market was long overdue, and its completion required collective effort. It addresses many challenges, with over 95% of trader placements already secured."

Pierre Celestin Twagirayezu, Chairperson of RICO Ltd, expressed gratitude to the government for its support.

"The new market provides 1,500 stalls for traders," he explained. "It will serve both local residents and visitors to Rubavu. This achievement would not have been possible without the government's guidance."