R
wanda, situated in the heart of Africa, sits on approximately 26,338 square kilometers, making it the world’s 149th largest country. Its population is estimated at about 11 million people with a GDP per capita recently reported at USD693, projected to hit USD1,240 by 2020. A landlocked country in East Africa with approximately 90% of the population engaged in agriculture, Rwanda is endowed with a few natural resources. Her export base is dominated by traditional cash crops—tea and coffee—but tourism and mining are also gaining prominence. In the aftermath of the 1994 Genocide, the country has turned the tide under the visionary leadership of President Paul Kagame. Rwanda is now registering tremendous growth. Between 2008-2012 during the implementation of the first Economic Development and Poverty Reduction Strategy (EDPRS), a million people were lifted out of extreme poverty. The Rwandan government’s tireless efforts to stabilize and rehabilitate the country’s economic landscape have translated into eloquent performance and excellent results. Rwanda has sustained its GDP growth to high levels averaging 8% over the last five years—reportedly the highest in Sub-Saharan Africa. In the 2015 the World Bank’s Doing Business Report, Rwanda is ranked 2nd best place to do business in Africa. With stability, security and safety, the country’s economic outlook is quite promising and is becoming a magnate to investments; both local and foreign. Doyelcy Capital Partners Ltd is one of the leading investment firms participating in and contributing to this growth.
DOYELCY CAPITAL PARTNERS LTD (DCP)
E
stablished in 2006, Doyelcy Capital Partners (DCP) Ltd is a Rwandan holding company with its head office situated at the heart of Kigali’s skyline—Rwanda’s capital city.
In a decade, DCP has instituted a sturdy footprint, positioning itself as Rwanda’s leading private investment company –mainly in sectors that have a great impact on Rwanda’s socioeconomic development. These are; Real Estate, Hospitality, Agriculture and Energy. Particularly, our chain of investments in real estate and hospitality including the stateof-the art commercial complexes, hotels among others have been so iconic in shaping the city of Kigali skyline. Our consistent achievements as a company have positioned us as top players in Rwanda’s burgeoning private sector. This can be largely attributed to the favorable investment climate and hands-on business facilitation and support by the Government of Rwanda. At no single moment has any of our chain of investments stalled or suffered any major setback. We highly commend the Government for the unwavering support. As such, we are committed to continued contribution to Rwanda’s economic growth by investing heavily to uphold the quality, high standard and innovation of our investments. While our recognized past achievements depict our strengths and abilities in contributing to the local economy, we are a global and forward looking entity. For instance, we take pride in being the first developer and owner of Rwanda’s tallest tower, Kigali City Tower (KCT), situated right at the centre of Kigali’s Central Business District. DCP’s keen interest in venturing into Rwanda’s blossoming tourism and hospitality sector saw us acquire and redevelop Akagera Game Lodge, situated in the middle of Savannas of Akagera National Park in Eastern Province, and Gorillas Nest Lodge situated on the foothills of the Virunga Volcano range in the Northern Province, both of which are now sold. Through our subsidiary company New Century Development Ltd (NCD) we are steadily venturing in iconic real estate projects. The grand opening of the first Marriott Hotel in sub-Saharan Africa in 2016 raises the bar quite higher for all local competitors to match. We leverage on a number of strong international partnerships to craft up investments that match international standards. While Rwanda remains our base, we look to grow beyond the borders to many promising African economies. We envisage seizing many investment opportunities as presented by the Government with an aim of being part of the bigger Rwanda Vision 2020 of nurturing a private-sector led economy.
VISION To be a leading Holding Company in Africa with strategically diversified investment and real estate development portfolio.
MISSION To develop innovative infrastructure and business models that contribute to economic development, leveraging on world-class partnerships to ensure profitability, sustainability, quality and standards.
OUR VALUES All DCP investments are driven by the following set of values;
Networking: In order to cultivate productive relationships for employment and better results, Doyelcy ensures exchange of information or services among individuals, groups or institutions
Quality Service: Customer satisfaction drives operations and is a measure of quality service offered at Doyelcy..
Team Spirit: We deliver as one, and take joint responsibility of all Doyelcy actions and decisions.
Passion: We align our operations and emotions to community growth
Customer Focus: Doyelcy aims to serve clients’ needs.
Corporate Citizenship: We are socially responsible and we take heed of all legal, ethical and
economic responsibilities
Environmental Conservation: At all our investments, we are keen about implementing the Environmental Impact Assessment (EIA) Guidelines and Requirements thereof.
Leadership: We require all our staff to shape a better future for the global community and the homeland
Integrity: We require all our staff to uphold honesty and fairness
Accountability: At Doyelcy we have an obligation on every action or decision we make in the eyes
of our customers and partners.
Entrepreneurship: At Doyelcy we keep our heads high up for new and exciting areas of investment.
Hatari Said Sekoko MR. HATARI SEKOKO, CHAIRMAN BOD AND CEO
Managing Director – The Downtown Limited Mr. Hatari Sekoko is the Chairman Board of Directors and Chief Executive Officer of Doyelcy Capital Partners Ltd.
He has vast business experience in trading, development, operations and investment—drawn from various parts of the world, including but not limited to; Rwanda, Japan, Hong Kong, Dubai, USA and Uganda.
He particularly majors in; agriculture, energy, real estate, hospitality, entertainment and general trading. He is the main brain behind some of the most iconic commercial and hospitality complexes in the city of Kigali, including; Kigali City Tower (KCT) and The Marriott Kigali.
Mr. Hatari Said Sekoko is the Executive Chairman of Doyelcy Rwanda Limited and Vice Chairman of New Century Development Limited. His investment portfolio includes projects in agriculture, trade, hospitality, renewable energy and real estate. He estimates the value of his investments to be in excess of US$100 million. He is involved in the following major investments: New Century Development Limited; a company that is developing Kigali Marriott Hotel, a 5 star hotel that will be managed by Marriott International, Marriot Training Centre and Executive apartments, Century Park Hotel and Residences. Kigali City Tower; Rwanda’s tallest and state of the art building with 17,000GATSINZI, square meters of leasable space at the heart of NDAHIRO, Kigali’s MR. HERBERT MR. ALEX REZIDA, DR JAMES MEMBER OF BOD MEMBER OF BOD Central Business District. MEMBER OF BOD Agro Coffee; a company that processes and trades in coffee Doyelcy Uganda Limited; a company that owns a modern office block in Shimoni Office village on Hannington road in Kampala. Rwanda Investment Group (RIG); one of the largest group of companies in Rwanda with key companies under RIG’s portfolio including Ciments du Rwanda (CIMERWA), Rwanda Energy Company (REC) and Peat Energy Company (PEC) Awards:
A lawyer by profession, Mr. Herbert Gatsinzi is perhaps the most well-known and sought after tax expert in Rwanda. He is a founding partner at TaxSense Partners which he set up after 13 years as the head of the tax practice of Ernst & Young in Rwanda. In his more than 15 years of tax practice, he has consulted for and advised nearly all the major players in Rwanda’s economy and the majority of key inbound investors.
His client portfolio spans all industry sectors in Rwanda, the region and internationally; from Telecoms to financial services to real estate to agro processing and the hospitality industries. He is a regular commentator on Rwanda’s taxation matters, played a central role in crafting the first Rwandan VAT legislation and was honored to be appointed to chair the Rwanda Tax Appeals Committee on a number of occasions. During his time at Ernst & Young, He edited all the firm’s tax publications.
Alex is a Senior Advocate of the Courts of Judicature of Uganda with twenty five years standing as of 2014, and a Commissioner for Oaths.
He has been in consistent active practice for the last 25 years with particular emphasis on Commercial Law and Corporate Law, particularly mergers, acquisitions, equity investment and corporate restructuring, Banking and Finance practice, Trade Marks and Patents, employment law, Land Conveyancing practice and related litigation. Over the years, Alex has had occasion to advise on establishment of several Public Private Partnerships (PPPs), Private Financing of Infrastructure, negotiating local and international Joint Ventures, International Commercial Arbitration, Alternative Dispute Resolution, International Trade Agreements, and drawing security documentation and credit agreements for financial institutions and inter creditor arrangements. In 2008 he was appointed on the first ever Government Audit Committee under the Public Finance and Accountability Act. He is a Board member of one of the leading Banks in Uganda and is also the Chairperson Audit Committee of that Bank.
Presently he is the Chairperson of the Bar-Bench Commercial Court Users Committee. He is a member of the Uganda Law Society, the East African Law Society and the International Bar Association.
With a rich education background in Finance and Accounting from Kenyan and European Universities, Dr. James Ndahiro is a very instrumental personality in East African Community affairs. He is a Member of Parliament at the East African Legislative Assembly (EALA). He played a pivotal role in the initiation and establishment of the Rwanda Stock Exchange (RSE), of which he is the current chairman, board of directors. He also serves on several Boards of different financial institutions. Dr. Ndahiro also served as a member of the special taskforce that established and managed Rwanda Commercial Law reform and coordinated Rwanda Investment Climate project that established business registry, Land registry, Commercial courts and reforms in the judiciary, especially on case management.
Kigali City Council
DCP INVESTMENTS IN HOSPITALITY SECTOR The tourism sector is the leading foreign exchange earner for Rwanda. Official statistical data obtained from Rwanda Development Board (RDB) reports indicate that between 2013 and 2014, visitors to Rwanda grew from 1.14million visitors to 1.2 million; accounting for an increase in revenue from $293.4m to $303m respectively. Rwanda’s tourism strategy focuses on Meetings Incentives Conference and Exhibitions/Events (MICE), capitalizing on safety, developed infrastructure and accessibility. It is against this impressive and visionary background that Doyelcy Capital Partners Ltd positions itself to be a market leader in hotel and real estate development. From a humble beginning—a decade ago, when DCP owned and eventually sold Gorilla’s Nest and Akagera Lodge, the holding company has scaled up the portfolio and is now developing an iconic 5-star Kigali Marriott and a luxury hotel apartment complex to be managed by one of the largest hotel operators in the world. Shortly after, DCP will also develop a budget hotel around downtown area targeting mostly business travelers. Another project DCP is involved in is the Century Park Kigali.
Kigali Marriott Hotel, Avenue de l’Armee, Kigali Rwanda Kigali Marriott Hotel is an iconic 5 star hotel. It is the first and biggest Marriott project in Sub-Saharan Africa as Marriott looks to strengthen its position in the African Market. Valued at above $150m, magnificent hotel features a total of 254 rooms, five food and beverage outlets, ballroom and conference rooms of up to 1048 Square meters all to cater for the booming hospitality sector in Kigali. Kigali Marriot Hotel will be officially opened in 2016
Century Park Hotel,Villas and Apartments, Nyarutarama, Kigali Doyelcy Capital Partners Ltd is a shareholder in the Century Park Hotel & Residences Ltd. The project will occupy a total of 97,058 square metres of prime land in Nyarutarama, Remera Sector in Gasabo District —just at the outskirts of Kigali City. It will feature Luxury Hotel, luxury villas, deluxe villas and a club house. The project has a wonderful view of Kigali’s rolling hills in the vicinity of the airport and the city centre—7km from Kigali International Airport and 6km from Kigali City center. Century Park Hotel & Residences Ltd plans to develop a five star hotel that will be managed by an international hotel management group. The Hotel part will have 185 rooms and the apartments section will have 15 units (apartment). It will be a 5 star hotel estimated to cost over $66million. Century Park Hotel & Residences Ltd will be an epitome for the business community and travelers compared to none in the country. A perfect place for tourists, honeymooners, conferences, workshop and those seeking a serene and quiet environment to switch off from hustles and bustles of the world. The project is expected to be completed by 2018.
NEW CENTURY LUXURY
APARTMENTS AND HOTEL,
BUDGET HOTEL PROJECT
Avenue de l’Armee, Kigali Rwanda
Nyarugenge, Kigali
Doyelcy Capital Partners Ltd is also developing a luxury hotel and apartments that will be managed and operated by one of the world’s largest hotel operators.
Rwanda is now a magnet for business, attracting a lot of business travelers searching for investment and business opportunities.
Staying true to its mission of continuously being at the forefront in the market, Doyelcy will develop this luxury hotel to give an opportunity to Rwandans and foreigners alike to invest in this amazing development.
Thanks to the Government of Rwanda for creating an enabling business and investment climate through rigorous business forms and facilitation.
For the first time in Rwanda, individuals or institutions will be able to purchase a hotel room and enjoy the income generated from this internationally operated hotel
Therefore, with such vibrant and promising growth in the city, there is a big demand for a well-managed Budget Hotel offering business travelers and traders a facility that meets their demands. Doyelcy Capital Partners Ltd has seized the
CENTURY PARK PROJECT Doyelcy Capital Partners Ltd is a partner of Century Park Hotel & Residences Limited which acquired 76,052 square metres of land in the Nyarutarama area of Gasabo District, Kigali City. The Nyarutarama area is arguably the most affluent part of Kigali City. Century Park intends to use part of the land for the development of super luxury villas, residential apartments, club house and a Hotel. Century Park Hotel and Residence will develop state-of-the-art apartments and these will be operated as hotel apartments. The apartments will comprise One, Two, Three and Four bedroom apartments giving the guest a range of options. The project shall be carried out in four Phases as follows; Phase I - Is estimated to cost above $40m will include the following; • 13 High-End Luxurious Villa Houses; • 56 Residential Apartments; • Club House, Gym & Kitchen and Swimming Pool; • 58 Bedroom Boutique Hotel. NOTE: The company will retain and run a boutique hotel and residential apartments. The apartments shall be operated as hotel apartments offering short stay accommodation to guests. These apartments shall be run by the boutique hotel management. Phase II – This phase will involve construction of 3 Villa Houses and 56 Apartments, with anticipated date of groundbreaking in 2018. Phase III – Construction of 98 Apartments. The construction projected to start in September 2017 and end in February 2019. Phase IV - Construction of 60 Apartments and 140-bedroom hotel. It is to be managed by an international chain hotel operator.
Doyelcy Capital Partners Ltd -
Commercial Real Estate Rwanda.
KCT is one of Kigali’s most iconic, tallest tower located at the centre of the City’s Central Business District. The facility offers 18,000sq metres of renting space in this premier office, shopping and entertainment centre. KCT was officially opened in 2011 with an approximate development cost of $45m. OFFICE TOWER This 20 floor high rise elliptical shaped tower boasts a sophisticated glass façade offering uninterrupted and expansive views of Kigali. The tower opened in 2011 and its tenants include Rwanda Housing Authority (RHA), Regus, Qatar Airways, Lanor International, and Rwanda Stock Exchange amongst others. Doyelcy developed the tower keeping in mind the importance of Information Technology. The tower continues to offer the city’s fastest and most reliable internet service to its tenants. Key Features: GLA: Floors: Typical Floor: Occupancy: Number of tenants:
7,000 sqm G+19 340 sqm 95% 9
In addition to the office component, KCT has a lounge/club in the basement and plans to open a world-class rooftop facility that will become the city’s preeminent spot of choice for business and leisure. RETAIL KCT Mall has approximately 11,000sqm of space to let. A giant Nakumatt Supermarket occupies 4,000sqm. With more than 50 tenants, the Mall is over 90% occupied. It has ample parking space (can accommodate 360+ vehicles). KCT Mall is a great shopping destination. Some of the selected tenants at KCT Mall are; Nakumatt, Bourbon Coffee, Bata, Goodrich Group, Fonexpress, Pergamon Group ,Deacons Rwanda, Tigo Rwanda etc.
ENTERTAINMENT CENTURY CINEMA KCT accommodates a cinema of international standard called Century Cinema, the only one in Kigali, which gives it a competitive edge. Our core value is to be the Leader in developing unique properties. The Cinema has 4 theatre halls equipped with state of the art cinema technology, showing regional and international Hollywood movies that are released almost simultaneously with the rest of the world. Cinema viewers have the opportunity to choose from a variety of movies with up to 12 show times per day. We bring global cutting edge 5D and 3D technologies which makes the movie experience unique and enjoyable. The theatre facilities are fully equipped with high quality Audio Visual equipment which can accommodate conferences, events and corporate gatherings.
O-ZONE LOUNGE O-zone offers delicious lunch menus during the day and quality night life entertainment during the nights. Two rooftop spaces, one at the top the Office Tower and another at the top of the commercial centre are available for private and public events, exhibitions and corporate events. Both rooftops offer unique and splendid views of hills surrounding Kigali city.
DOWNTOWN LTD The Downtown Ltd is a 50: 50 joint venture between Doyelcy Capital Partners Ltd and The Ruparelia Group of Uganda. The project is uniquely situated in Kigali’s CBD, helping to transform this area into a modernized mixed use development which once completed will have more than 70,000sqm of floor area. Downtown Ltd Project features: A bus station accommodating over 400 city passenger buses daily. It is the main station in the city office blocks Hundred retail shops Restaurants and bars Residential Infrastructure and public facilities, and A world class budget hotel Some of the selected tenants CRANE BANK; SINA GERARD GROUP; HELLO PHONE; BUSINESS MANAGEMENT LTD LA DEVISE LTD; Phase
Key Facilities
Completion Date
Phase I
• • • • •
Land Infrastructure Taxi and bus park Police Station Public toilet
October 2014
• • •
Retail Block Retail Block Retail and Office Block
January 2015 End of 2015 End 2015
• •
Retail and office Block Administration Block
December 2016 December 2016
Phase II
Phase II
• • • •
Commercial Residential Petrol Station Hotel
TBD TBD TBD TBD
OTHER DEVELOPMENTS and INVESTMENTS City Hall New Century Development, part of DCP, was awarded the tender to build Kigali City Hall. The six-floor building has 53 offices and 13 conference halls with the largest having a seating capacity of 300 people. The building also harbors a trade point, exhibition center, a library and a modern restaurant.
• • •
Holds 17.5% stake in Rwanda Investment Group (RIG) Owns (100%) in Agro Coffee Owns (100%) in Hanginton Block Office in Uganda
Agro Coffee Agro Coffee is a Rwanda based trading company historically engaged in processing and trading of the quality Rwandan coffee. The company has leveraged from its successes in property development at the group level by leasing its state of the art facilities to internationally well known brands such as;”Dormans Cofee”.
Rwanda Investment Group (RIG) Is a holding company that was established in May 2006 by Rwandan Entrepreneurs with a purpose of gathering funds to invest in construction and energy sectors as well as other key industries and companies. DCP holds 17.5% stake in the group. RIG’s investment portfolio presently is comprised of three highly qualified and successful shareholdings, namely; Peat Energy Company (PEC), producing energy through exploitation of peat; Rwanda Energy Company (REC), engaged to produce electricity from the Methane Gas of the Lake Kivu and CIMERWA, a leading manufacturer of cement in Rwanda.
Doyelcy Capital Partners Ltd HEAD OFFICE: Kigali City Tower, P.O Box 1284 Kigali Rwanda, Email: Info@doyelcy.com, Website: www.doyelcygroup.com