WHO IS BUILDING BURUNDI?
Fablice Manirakiza
Founder — Ubaka Nation Group
Real Estate · Construction · Infrastructure · Investment
Burundi / Diaspora
Building nowBuja City Plaza →
The Bondoza Snapshot
Fablice Dieudonné Manirakiza is a Burundian diaspora entrepreneur and founder of Ubaka Nation Group, with activities in real estate, construction and infrastructure development.
His current major project is Buja City Plaza, the redevelopment of the former Bujumbura Central Market site. He also founded One Africa Investment Fund, which mobilizes capital connected to the project; government reporting documents residential development through Ubaka Nation.
Business Footprint
Infrastructure / Commercial Real Estate
Ubaka Nation Group / Ubaka Landmarks
Buja City PlazaResidential Real Estate
Ubaka Nation Group
Housing developmentInvestment
One Africa Investment Fund
Collective investment / project financingWhat He’s Building
Company-reported · checked 2026
Buja City Plaza
Commercial Real Estate / Infrastructure · Former central market site, Bujumbura
Under development
Developer: Ubaka Nation Group
Redevelopment of the former central market site. Company documentation describes a State of Burundi project, with Ubaka Landmarks representing the project owner and Ubaka Nation Group delivering construction. The company reports a PPP signing in March 2026.
Government-reported · 2025
Residential development
Housing · Burundi
Construction documented
A government account of Diaspora Week documents homes constructed through Ubaka Nation and their acquisition by diaspora members. It does not identify the estate by name.
Company-reported / Bondoza-reported · 2026
One Africa Investment Fund
Investment / Collective Investment · Burundi
Financing
Founded by Manirakiza, 1AIF describes itself as a collective investment vehicle pooling capital, including for Buja City Plaza. Fundraising continues in company and Bondoza reporting; fully secured financing is not established.
Numbers to Watch
Reported figures, with their original dates. Not current performance measures.
Homes constructed in the reported housing project
Government-reported · 2025Of those homes acquired by diaspora members
Government-reported · 2025First-phase PPP construction period described
Company-reported · 2026First-phase concession period described after construction
Company-reported · 2026Company figures are not independently verified.
Companies & Organizations
Ubaka Nation Group
Founder
Real Estate · Construction · Infrastructure
Burundi · Property and constructionOne Africa Investment Fund
Founder
Investment · Project financing
Financing vehicle · Buja City PlazaUbaka Landmarks
Legal representative — company-reported
Project development
Project entity · Buja City PlazaCompany-reported relationships. Independent legal confirmation remains outstanding; no ownership percentages are inferred.
Timeline
- 2024
Ubaka Nation advances market redevelopment plans, in its company account.
- 2025
Government documents the Ubaka Nation housing project.
- Feb 2026
PPP approval described in project documentation.
- Mar 2026
Company reports Landmarks’ creation and PPP signing.
- Jul 2026
Fund lists updated prospectus materials and fundraising activity.
- Current
Bondoza tracks development, financing and related investment activity.
FOLLOWING THE STORY
Bondoza Watch
Last checked: September 2026
- Buja City Plaza development and completion of announced milestones
- Changes to the PPP and project-company structure
- Project financing and investments through One Africa Investment Fund
- Expansion or completion of Ubaka Nation housing developments
- Material changes in Manirakiza’s company and project relationships
Bondoza will continue updating this profile as new projects, companies and activities are documented.
Bondoza Coverage
One Africa Investment Fund Issues Share Titles →
Bondoza-reported · 16 September 2026
Bondoza reports on investment titles, fundraising and the connection to Buja City Plaza.
Sources & Verification
Last reviewed: September 2026. Company information verifies what the company states, not sales, availability, completion or project success.
Diaspora Week 2025 — housing project ↗
Burundi Ministry of Foreign Affairs · Government-reported · 1 August 2025 · page 9
200 homes constructed in the Ubaka Nation project visited; 90% acquired by diaspora members; Fablice Manirakiza identified as the project initiator.
Historical government report, not a current property audit. It does not name the housing estate, establish the entire portfolio’s completion or verify current occupancy. Figures do not concern Buja City Plaza. The nearby 200-bed hospital figure concerns another entity and is excluded.
Origins and evolution of Buja City Plaza ↗
Ubaka Nation Group · Company-reported · 25 May · updated 17 August; year not displayed
Fablice named founder and chairperson; September 2024 preliminary agreement; March 2026 PPP signing and Fablice as Ubaka Landmarks legal representative; Ubaka Nation Group identified as developer.
Company account only. The narrative contains conflicting 2014/2024 proposal dates and February cabinet dates; these are not treated as settled facts. The signed PPP and registry documentation have not been independently inspected. No ownership share is inferred.
Ubaka Nation Group leadership ↗
Ubaka Nation Group · Company-reported · Undated · checked September 2026
Fablice listed as President & PR; Property and construction development activities.
Company-published leadership description. Founder wording is also explicit in the company project history. These titles do not establish equity ownership.
Buja City Plaza — project information ↗
Ubaka Nation Group · Company-reported · Undated · checked September 2026
Plaza described as under development at former central market site; Ubaka Nation Group identified as EPC contractor; Fablice named project promoter and director; Three-year construction and 24-year operation periods described.
Under development is the company’s description, not an independently assessed construction milestone. Contract periods are planned terms, not elapsed progress or guaranteed delivery. Proposed towers and other features are not presented as built.
Ubaka Landmarks — project entity ↗
Ubaka Nation Group · Company-reported · Undated · checked September 2026
Landmarks described as special-purpose project company; BIJE and One Africa Investment Fund described as partners; 27-year first-phase arrangement described.
Company-reported entity and partner structure. A Presidency search listing references Decree 100/057 of 9 April 2026 concerning state representatives on Landmarks’ board, but the linked decree could not be retrieved. It is not used as independently inspected legal evidence. Shareholdings, paid-in capital and contract execution remain unverified.
One Africa Investment Fund — overview ↗
One Africa Investment Fund · Company-reported · Undated · checked September 2026
Fund says it was established by Fablice; Pooling investor capital for projects including Buja City Plaza; Second fundraising campaign announced for 28 July 2026.
The same page also says the campaign starts in July 2028; date inconsistency retained here. Fundraising is not proof of fully secured financing. Promotional issue-premium and capital-gain language is not treated as realized investment performance. No regulatory status is independently certified in this profile.
One Africa Investment Fund Issues Share Titles ↗
Bondoza · Bondoza-reported · 16 September 2026
Investment titles issued to first-phase participants; Fundraising linked to Buja City Plaza; Article distinguishes issue premium from guaranteed annual returns.
Existing Bondoza coverage is linked unchanged. Its reported first-phase budget and regulatory registration are not newly certified by this profile; current financing totals, prospectus and regulator records need separate verification.
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Who Is Building Burundi? is an independent Bondoza editorial project documenting people behind businesses, organizations, initiatives and projects connected to Burundi's economic and social activity. Inclusion is not an endorsement, ranking or measure of wealth. Profiles cannot be purchased.