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The economics of entertainment, a look at Kigali’s latest addition
Rwanda has an aim of increasing her annual receipts to $800 million from tourism and entertainment by 2024. This goal has called for a need to diversify the sector and in spite of the pandemic, a new addition has been added to the growing industry. The Kigali Cultural Village is this latest venture and CNBC’S Africa Zwena Bachoo attended its opening and filed this report.
Fri, 04 Dec 2020 11:39:24 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The Kigali Cultural Village is a key part of Rwanda's strategy to boost annual receipts to $100 million by 2024
- The village aims to showcase Rwanda's rich cultural heritage and provide a platform for entertainment and tourism
- The opening of the Kigali Cultural Village comes at a crucial time as Rwanda seeks to recover from the impact of the COVID-19 pandemic
Rwanda has set ambitious goals to increase annual receipts from tourism and entertainment to $800 million by 2024. In a bid to diversify the sector and despite the challenges posed by the pandemic, the latest addition to the growing industry is the Kigali Cultural Village. CNBC Africa's Zwena Bachoo attended the opening of this cultural hub and filed this report. The Kigali Cultural Village, known as KIGALI KACHOHAB, is a key part of Rwanda's strategy to boost annual receipts to $100 million by 2024. Located in the heart of Kigali, the cultural village aims to showcase the rich cultural heritage of Rwanda while providing a platform for entertainment and tourism. The village features a mix of traditional and contemporary elements, with a focus on promoting local artists and performers. The opening of the Kigali Cultural Village comes at a crucial time for Rwanda's entertainment sector as the country seeks to recover from the impact of the COVID-19 pandemic. The village is expected to not only attract tourists but also provide opportunities for local talent to showcase their creativity and contribute to the country's economic growth. The government's support for initiatives like the Kigali Cultural Village underscores its commitment to developing the entertainment sector as a key driver of economic development and job creation. With its vibrant mix of cultural experiences and entertainment offerings, the Kigali Cultural Village is set to become a beacon for Rwanda's growing entertainment sector.
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