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Rwanda secures 10-year Formula 1 agreement for 2030s race
Rwanda has signed a 10-year agreement to host a Formula 1 Grand Prix, marking the sport’s return to the African continent for the first time since 1993. The race is expected to join the calendar in the early 2030s once a purpose-built circuit is completed in Bugesera, located approximately 40 kilometers south of Kigali near the new international airport.
Lewis Hamilton, the seven-time world champion currently driving for Ferrari, expressed strong support for the move, noting that racing in Africa has been a long-held dream. Hamilton suggested that the prospect of competing in the African Grand Prix might prompt him to extend his racing career into his mid-forties.
To support the economic ambitions surrounding the event, Raffles Family Office has signed a strategic agreement with the Rwanda Development Board. The partnership aims to mobilize hundreds of millions of dollars in private foreign investment from ultra-high-net-worth individuals across Asia and Africa to fund infrastructure, tourism, and hospitality projects in Bugesera, Kigali, and Musanze.
Entities
Chi Man Kwan · Formula 1 · Lewis Hamilton · Paul Kagame · Raffles Family Office · Rwanda · Rwanda Development Board
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 18 SOURCES] The new F1 circuit will be built in Bugesera, south of Kigali. www.allgaeuer-zeitung.de · www.biztoday.news · www.rtl.de · www.cameroonconcordnews.com · www.t-online.de · +11 more
- [● 20 SOURCES] The Rwandan Grand Prix is scheduled to begin in the early 2030s. www.allgaeuer-zeitung.de · www.biztoday.news · www.cameroonconcordnews.com · africa.com · www.autoweek.com · +12 more
- [● 16 SOURCES] Formula 1 signed a 10-year agreement to host a Grand Prix in Rwanda. www.biztoday.news · www.cameroonconcordnews.com · africa.com · www.autoweek.com · www.excelsior.com.mx · +8 more
- [● 18 SOURCES] The last Formula 1 race in Africa was held in 1993 in South Africa. www.allgaeuer-zeitung.de · www.cameroonconcordnews.com · www.t-online.de · www.kurierverlag.de · africa.com · +9 more
- [● 2 SOURCES] Raffles Family Office signed a strategic agreement with the Rwanda Development Board to promote investment. www.biztoday.news · africa.businessinsider.com
- [● 22 SOURCES] Lewis Hamilton intends to continue racing in F1 to compete in the African Grand Prix. www.allgaeuer-zeitung.de · www.rtl.de · www.cameroonconcordnews.com · www.t-online.de · www.kurierverlag.de · +13 more
- [● 2 SOURCES] Raffles Family Office aims to mobilise hundreds of millions of dollars in private foreign investment in Rwanda. www.biztoday.news · africa.businessinsider.com