Real estate company pushes for land economics courses

Rwanda Gimco, a recently incorporated Kigali based company dealing in real estate and property management is in talks with Rwandan institutes of higher learning to introduce land economics courses. According to Isaiah Oyuga Bonyo, the General Manager of Gimco, discussions are on going with Kigali Institute of Science and Technology as well as the Naational University of Rwanda in regard to the introduction of the course. “The course will have packages such as property management which is a new phenomenon and important for the Rwandan community,” said Bonyo. The regional company with offices in Tanzania, Kenya and Uganda started operations in Rwanda in 2008 with an initial investment of about $25,000 and it has increased to $100,000 to date. Besides property management as the core service, Gimco provides asset valuation, project management estate agency services as well as master plan services. Bonyo said that the land economics course will equip Rwandans with skills and knowledge on how to manage their property as well as its importance. “We are working with Rwanda Development Board to increase the awareness for the public about the benefits of this course especially property management,” added BonyoHowever, the biggest challenge faced by the property management industry in Rwanda is the lack of guidelines to streamline the sector and this has led Rwanda to adopted both the Tanzanian and Kenyan guidelines. Gimco has also diversified into other products and these include site acquisition and feasibility studies for land or anything to do with land. Currently, the company manages 8 properties in commercial, residential and apartment businesses and it is targeting to capture 3 projects per quarter before the end of the year. Ends

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Real estate company pushes for land economics courses