Nyanza district has signed an agreement with Angola-based firm for the establishment of Rwanda’s first ceramic tiles manufacturing plant in the district.
The agreement with Africeramics Ltd, a subsidiary of Milbridge Holdings was signed on Friday at the Rwanda Development Board (RDB) in Kigali.
Nyanza district owns a minority stake in the investment in exchange for the land availed by the district to Africeramics Ltd, according to a statement issued by RDB.
Planned to be operational in less than two years, the high-tech multi-million euro factory will directly employ over 100 people in the district and indirectly employ over 300, the statement said.
In the first phase of production, 9,000 square meters of tiles will be produced daily and this will be doubled in the second phase targeting both the domestic and regional market, it said.
Subsequent phases will focus on other ceramic products on demand.
Francesco De Martino, Group CEO, Milbridge Holdings the parent company of Africeramics Ltd, described the deal as an important milestone to the firm.
Nyanza was chosen as the base of the plant because it is strategically located where high quality inputs such as clay, granite and other alloys needed for ceramics can be sourced, he said.
The Mayor of Nyanza district, Erasme Ntazinda, said a lot was expected from the investment project.
Pledging necessary support to the investor, the mayor said the investment would boost to local economy.
Emmanuel Hategeka, the Deputy Chief Executive Officer and Chief Operating Officer at RDB, said the investment fully aligns with the country’s domestic market recapturing strategy.
It will go a long way to reduce import bill on construction materials, generate exports while at the same time generating jobs, he said.
“Being located in Nyanza district presents an added advantage of distributed development uplifting the rural economy. Today, all ceramic tiles in the country are imported yet studies show that we have some of the best quality clay for ceramics in the world,” he added.