Our Work
Projects
Major advisory engagements and infrastructure projects delivered across Rwanda and the region
Kigali Water Limited PPP
Advisory on the Kanzenze Water Treatment Plant / Kigali Bulk Water Supply Project — the first competitively tendered Build-Operate-Transfer (BOT) bulk water concession in sub-Saharan Africa (outside South Africa). The plant, located in Kanzenze, Ntarama Sector, Bugesera District, was developed by Kigali Water Limited (KWL), wholly owned subsidiary of Metito (Dubai-based, 60+ years experience, 3,000+ facilities worldwide). Financial close: November 2017. Operational since 10 February 2021, the 40,000 m³/day (40 million litres/day) plant supplies 30,000 m³/day to Kigali and 10,000 m³/day to Bugesera. Financed through a 27-year BOT concession with EAIF ($19M senior + $2.6M junior debt), African Development Bank ($19M senior debt — all 18-year term loans), and Metito equity, backed by a MIGA (World Bank Group) guarantee. IFC acted as PPP transaction advisor to the Government of Rwanda. Counsel Alloys Mutabingwa, FCIArb, served as senior legal advisor on behalf of the Rwanda Government. Aims Capital's advisory on government participation in forwarding infrastructure was key to making the tariff commercially viable. Serves up to 500,000 Rwandans, growing Kigali's water capacity by approximately one third.
Rwanda National Land Use Master Plan
Led by the Rwanda Land Management and Use Authority (RLMUA), under the Ministry of Environment. Consortium partners: Tzamir Architects & Planners Ltd (Israel, led by Prof. Tzamir, who also developed the Uganda National Master Plan) and Horwath HTL Rwanda (hospitality & real estate advisory). Period: November 2019 – March 2020 (revision and update). Comprehensive spatial plan covering urbanization, settlement, housing, agriculture, environment, tourism, transport, and utilities — aligned with Rwanda Vision 2050 and NST1. Cabinet approved 29 July 2020. Presidential Order No. 038/01 of 20 May 2022 gave it legal force. Aims Capital reviewed and updated the entire policy and legal framework for land use, expropriation, investment regulation, environmental management, and the secular economy. Aims Capital also drafted the Presidential Order for legal enforcement.
CDM Projects Review
Review of over 50 Clean Development Mechanism (CDM) investment projects with $610M total value for UNDP, aligned to the United Nations Framework Convention on Climate Change (UNFCCC), Kyoto Protocol and Article 6 Voluntary Carbon Market (VCM) and Nationally Determined Contribution (NDC) of the Paris Agreement. Included verification, prospectus and pitch-book development for COP28 (Dubai, November 2023). Projects aligned to UNFCCC, Kyoto Protocol and Paris Agreement Article 6 VCM/NDC.
EWSA Corporatization
Commissioned by the Rwanda Government under World Bank funding. Led to formation of Rwanda Energy Group (REG) and Water and Sanitation Corporation (WASAC Ltd, established 2014). Aims Capital drafted governance instruments, managed asset separation of energy and water utilities, and supported senior recruitment for both entities.
Sustainable Finance Roadmap
Co-developed Rwanda's Five-Year Sustainable Finance Roadmap (2022–2029) for Kigali International Financial Centre (KIFC) / UNDP. GBRW (UK-based financial sector regulatory advisory) conducted the diagnostic: stakeholder analysis at macro/meso/micro level, benchmarking against peer African jurisdictions, and SWOT analysis of banking, capital markets, and insurance sectors. Garnet Partners also contributed. Two strategic pillars: Scaling Sustainable Finance and Making Finance Sustainable. Launched 26 October 2022, officiated by Minister of State for National Treasury Richard Tusabe. The Roadmap has since attracted EUR 300M+ in climate finance commitments from AFD, EIB, IFC, and KfW (announced June 2023 at the Paris Summit for a New Global Financing Pact).
Waste Management Pilot Study
Commissioned by the African Development Bank (2017). Conducted jointly with Planet Partnerships across Rwanda, Ethiopia and Algeria. Study covered waste management and circular economy frameworks, providing recommendations for sustainable waste infrastructure in pilot African countries.
Aviation Sector Advisory
Advisory services for Avia Group (Lithuania-based aircraft leasing, sale/purchase, crew staffing, MRO, and ground-handling), Rwanda Air, and Nexus Group (Saudi Arabia-based airline operating systems). Aims Capital holds a Service Level Agreement with Nexus Group for aviation technology and operations collaboration across Africa.
Affordable Housing Development
Advisory and support services for affordable housing projects: 165 units in Nyanza, Southern Province, and 180 units in Rwamagana District, Eastern Province. Advisory scope included legal compliance, architectural coordination, and contract management.
Zhong Tong Electric Mobility
Zhong Tong is China's largest manufacturer of buses, including electric buses and charging infrastructure. Aims Capital signed a formal representation agreement, appointed as Zhong Tong's representative for green transport promotion across Africa. Agreement signed in Kigali.