Monday, 9 November 2015

Real estate sector gets boost as new roofing materials firm launches

Real estate sector gets boost as new roofing materials firm launchesIt will now be easy for Rwandans to access quality roofing materials, thanks to the launch of a new factory last week. The plant located in Kigali Special Economic Zone in Nyandungu, Gasabo District will specialise in the manufacture of stone-coated steel roofing tiles, officials from S&H Industries Rwanda said.

The tiles are trading under the brand name ‘Hippo’. S&H Industries Rwanda is a joint venture partnership between Rwanda’s Horizon Group and SISAY Investments owned by an Ethiopian investor.

Hippo Roofing’s facility. Speaking at the launch, Getenet Motle, the S&H Industries Rwanda chief executive officer, said the company could reduce the import bill for stone-coated roofing tiles by 50 per cent.

Motle said this would help improve the country’s foreign exchange reserves. He added that they would source some of the raw material locally and from the region to ensure sustainability. “We are also targeting to create over 100 jobs, as well as technology transfer that will boost the sectors capacity and skills,” Motle said.

Eugene Haguma, the Horizon Group chief executive officer, said joint ventures are important for the country’s economic growth. The tiles’ durability and aesthetic value can last for over 50 years. Read More...


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