Economic and Strategic Goals
Rwanda, with a GDP per capita of just over $1,100, joins a calendar that includes destinations like Las Vegas, Miami, Monaco, and Abu Dhabi. President Kagame said the country aims to use the race to develop sports infrastructure, boost tourism, and diversify revenue.
"This partnership is long overdue," Kagame said at a launch event in Kigali. "But it is a success and a milestone for the entire continent, especially for the African fans. Ultimately, what we want is for the African Grand Prix to pave the way for other races to be hosted on the continent."
F1 President and chief executive Stefano Domenicali called the announcement a "landmark moment," noting that the sport will now race in every inhabited continent. "Africa has always been part of Formula One's future, and from the beginning we were determined to return in the right way, with the right partner, a long-term commitment and a clear vision for creating meaningful impact," Domenicali said.