Now that #F1 has been confirmed to take place in #Rwanda from 2030, my view remains that growth investments and development are not competing priorities. In many cases, one helps finance the other.
Rwanda hosting F1 is part of a long game: anchor demand for Bugesera int'l airport, Visit Rwanda marketing & an events economy built on int'l events. Yes, water, power etc still matter but basic needs aren't a reason to avoid growth investments, they're the reason to make them.
Wrapping up the week astonished that 'putting your country first' is now something a sitting president can be accused of!
The devil works in mysterious ways
A touch of Rwanda at @SoFiStadium in Los Angeles. ππ·πΌ
πΈ The Land of a Thousand Hills on display before a packed crowd at the home of our partners, the @RamsNFL.
#VisitRwanda
Thank you my dear brother President @CyrilRamaphosa for your warm congratulations and offer of support. We look forward to working with you and all who share this vision as we make this a truly African Grand Prix in every way possible, and take motorsport to new heights on our continent.
On behalf of the government and people of South Africa, I offer warm congratulations to His Excellency President @PaulKagame and the government and people of Rwanda on securing a 10-year agreement to host the Formula 1 African Grand Prix.
South Africa shares in the pride with which Rwanda is preparing to fly the chequered flag for our continent with the hosting of a globally prestigious event at the planned Bugesera circuit from the early 2030s.
This contract is a recognition of the capabilities of the Rwandan nation and of our continent more broadly.
As host of the first Grand Prix on African soil in 1993, and organiser of other major global events, South Africa will be happy to provide any support we may be invited to share.
The F1 African Grand Prix is another lustrous addition to Rwandaβs growing collection of top international events, including the UCI-classified Tour du Rwanda cycling race.
Congratulations, Rwanda.
You are in pole position to make all of Africa proud and take motorsport to new heights.
Great list. Every one of those was celebrated by Africans and Rwandans alike. This one just happens to be F1βs return to Africa after 33 years. Strange how African hosting is only a problem for you when the host is Rwanda.
South Africa hosted the first World Cup on African soil, Miss World beauty pageant seven times, Seychelles twice, Kenya has hosted safari rallies since 1953, Ethiopia hosts countless AU summits.
But let Rwanda host something, and it's like the greatest moment ever for Africa.
Personally, BAL has opened doors for me that I never imagined possible, and its impact has gone beyond me. Thatβs why Iβm genuinely excited about F1 coming to Rwanda. Iβve seen what these opportunities can do, and Iβm looking forward to whatβs next.
#Rwanda
@business The argument that Africa's new rating agency is uniquely prone to local bias ignores history. The Western-based "Big Three" aren't immune to geography or politics. Remember the 2008 AAA subprime crash? New challengers have to fight double standards to prove their objectivity.
Rwanda hosting F1 is part of a long game: anchor demand for Bugesera int'l airport, Visit Rwanda marketing & an events economy built on int'l events. Yes, water, power etc still matter but basic needs aren't a reason to avoid growth investments, they're the reason to make them.