A PLAN FOR SUSTAINABILITY
Walk with Rwanda is raising funds to develop commercial real estate in Kigali, providing steady, long term cash flow for the Anglican Church, realizing the church's goals of financial sustainability and ministry expansion.
The Strategy Began by Establishing a Corporation
Rwandan Anglican Capital Investments Ltd. (RACI) is an investment company created by the Anglican Church of Rwanda to provide a legal structure for its investments. RACI invests the church's resources, such as equity and valuable land assets, to create a long-term revenue stream, supporting its essential gospel work in Rwanda.
Anchor Investments: Commercial Real Estate in Kigali
The Anglican Church of Rwand has a financially feasible business solution to become financially independent.
The church owns valuable land in a thriving business district of Kigali.
HIGH RENTAL DEMAND
Market research shows high demand and strong rental rates in this area.
The church has a feasible design for a commercial office and retail building.
The building is projected to generate a 17% ROI,~ $85,000/yr, matching the amount formerly provide by PEAR USA churches.
Archbishop Mbanda, borrowing from his experience in Shyira Diocese, wants to pursue a portfolio of income generating projects. These include an office building, a set of residential apartments, and an investment in a University’s infrastructure which will produce revenue to sustain the Church’s mission.
RACI’s commercial building will be built in Kigali, the capital city in 2019. The Anglican Church of Rwanda already owns prime commercial land in Kibagabaga, on the Cathedral property of Gasabo Diocese in Kigali. The proposed building is 3 floors with retail space on the first floor and offices on the second and third. With an expected 17% return on investment, of $85,000 per year, the building will provide a steady rental income and a valuable asset for the province.
There are a number of benefits to this approach:
A portfolio of projects will diversify the overall risk. All the eggs will not be in one basket.
These projects can be implemented in stages, rather than having to build one large investment all at once. We will be able to begin immediately with the funds we already have.
Building in stages will also require far less overall debt, which will mean less money paid in interest and more money supporting ministry.
Invest in the Kingdom of God
Your contribution will develop commercial real estate assets and generate a steady cash flow for the provincial office for years to come. Let’s equip the church for the future. Won’t you walk with us?