SUBSIDIARY NAME
BURKA CITY-ARUSHA
COUNTRY
TANZANIA
SECTOR/ INDUSTRY
REAL ESTATE
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
May 25, 2022
ACQUISITION VALUATION
250 MILLION
TOTAL ASSET VALUATION
2.25 BILLION
REAL ESTATE
BURKA CITY-ARUSHA project by RF REAL ESTATE LIMITED acquired on May 25, 2022. Burka City is a proposed mixed-use developed envisaged to be developed on a 113-acre parcel strategically located in the prime Burka area, approximately 8 kilometers from Arusha CBD and only 10 minutes to the Arusha Airport. Upon completion, the development will comprise residential, retail, commercial, hospitality, medical and recreational facilities; integrated within a secure environment.