KCC revives municipal bond sales

Despite delays following a credit squeeze in 2009, Kigali City Council (KCC) says that its plans to sell municipal bonds remain possible as it seeks to raise funds from the public to finance the implementation of its ambitious master plan. The Mayor of Kigali, Dr. Aisa Kirabo Kacyira said that KCC is still discussing the possibilities of listing East Africa’s first municipal bond following a rebound in economic activity.