Why Rwanda’s predictability makes it a better real estate bet than Nigeria — Nwulu

Tony Chinedu Nwulu, an investor, entrepreneur and founder of Azari Luxury Properties, has interests spanning real estate, fintech, security technology, hospitality and digital innovation.

In this interview with BusinessDay’s Saawua Terzungwe, he explains why Rwanda, particularly Kigali, has become central to his investment strategy, the opportunities in its luxury property market, and why he considers the country’s predictability and investment environment more attractive than Nigeria’s. Excerpts:

What motivated you, as a Nigerian, to venture into real estate investment in Rwanda?

My decision was fundamentally investment-driven. I have always believed that African investors need to start looking at Africa as one interconnected opportunity rather than restricting ourselves to the countries where we were born. When I began studying Rwanda more closely, I saw a country deliberately creating the conditions necessary for long-term investment in infrastructure, security, planning, institutional efficiency and a strong commitment to attracting private capital.

Real estate particularly interested me because Rwanda’s development trajectory is creating demand for quality housing, hospitality and professionally managed accommodation. I therefore saw an opportunity not merely to buy property but to build a platform capable of developing distinctive residential and hospitality assets. That thinking ultimately became Azari Luxury Properties Rwanda.

Why did you choose Rwanda over Nigeria and other African countries for your real estate…