INVESTMENT

Rwanda: Chinese Firm to build US$20m TV Station

A Chinese company, Star Communication Network Technologies is set to establish a $20 million television station and an Internet provider company in Rwanda. The company owners have already established a subsidiary firm, Star Africa Media Company to steer the plan that would later spread out to other parts of the continent.

Pang Xinxing, the company's Chief Executive Officer who met President Paul Kagame last week at Village Urugwiro, said that they chose to invest in Rwanda due to stable political leadership and geographical location. "This meeting has been very pleasant and encouraging. We are confident of being successful in building the world's pay-TV and also broadband internet system in Rwanda," Xinxing said.

Xinxing who was accompanied by the Chinese ambassador to Rwanda, Qi De'en, explained that 'Rwanda is the centre of Southern Africa and is strategically located.' He said that the prospective television channel would offer a variety of good programmes at affordable costs and extend its services to neighbouring countries later. The Director General of Rwanda Investment and Export Promotion Agency (Riepa) Francis Gatare said that the venture is the largest Chinese investment in the country. It comes after President Kagame's visit to China in May. Kagame addressed Chinese business community during his visit.

Star Africa Media Co. Ltd will create a wireless digital Pay-TV operation system based on DVB-T technology. The company is a powerful large scale system integrator that deals with core technologies and is a product provider and network operator in China's broadband industry.

(New Times (Kigali), 14 July 2007)

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