Business Insider
Ayodeji Adegboyega
22 October 2026
Asian wealth manager Raffles Family Office is seeking to mobilise hundreds of millions of dollars from ultra-rich families for projects supporting President Paul Kagame’s Formula One, tourism and infrastructure ambitions in Rwanda.
The Hong Kong- and Singapore-headquartered firm has reached an agreement with the Rwanda Development Board to market investment opportunities in the East African country to its wealthy clients across Asia and Africa.
The projects include Bugesera International Airport, hotels, entertainment facilities, property developments and other infrastructure expected to support Rwanda’s ten-year agreement to host the Formula One African Grand Prix.
Other potential investments will be located in Kigali, Bugesera and Musanze, as Rwanda attempts to turn international sporting events and high-end tourism into sources of investment, jobs and foreign-exchange earnings...
