About the Firm
Aims Capital Associates is a corporate law firm licensed by the Rwanda Capital Markets Authority to provide legal and investment advisory services. Founded by Counsel Alloys Mutabingwa, FCIArb (Fellow of the Chartered Institute of Arbitrators), the firm is incorporated in Rwanda and Delaware, USA.
Commissioned by the United Nations Development Programme (UNDP), the firm reviewed over 50 Clean Development Mechanism (CDM) investment projects totalling $610 million, aligned to the United Nations Framework Convention on Climate Change (UNFCCC), Kyoto Protocol, and the Paris Agreement.
The firm is the sole advisor on Climate Finance and investment in Rwanda and a Professional Service Provider under the Kigali International Financial Centre (KIFC) framework.

Support the development of infrastructure, technology and access to funding across Rwanda.
Provide legal, investment and fiduciary services to Rwanda, backed by trusted global partnerships.
Professionalism · Innovation · Integrity · Loyalty · Honesty · Quality
Notable Engagements

AIMS Capital
CDM Investment Projects Review
Review of over 50 Clean Development Mechanism (CDM) investment projects valued at $610M, aligned to UNFCCC, Kyoto Protocol, and Paris Agreement.

Rwanda Govt. / World Bank
National Land Use Master Plan
Consortium partner developing Rwanda's National Land Use Master Plan 2020–2050 and the Presidential Order for legal enforcement.

Rwanda Govt. / World Bank
EWSA Corporatization
Legal restructuring of Energy, Water and Sanitation Authority into REG (Rwanda Energy Group) and WASAC.

African Development Bank
Waste Management Study
Pilot study on waste management and circular economy across Rwanda, Ethiopia, and Algeria, jointly with Planet Partnerships.

AIMS Capital / GBRW / Garnet
Sustainable Finance Roadmap
Co-developed Rwanda's Five-Year Sustainable Finance Roadmap, catalysing EUR 300M+ in climate finance commitments.

Metito / EAIF / AfDB
Bugesera Water PPP Project
Advisory on $63M Public-Private Partnership (PPP) water project delivering 40M litres daily — the first competitively tendered BOT bulk water concession in sub-Saharan Africa.

Avia Group / RwandAir / Nexus Group
Aviation Sector Advisory
Advisory services for Avia Group (Lithuania-based aircraft leasing, sale/purchase, crew staffing, MRO, and ground-handling), Rwanda Air, and Nexus Group (Saudi Arabia-based airline operating systems). Aims Capital holds a Service Level Agreement with Nexus Group for aviation technology and operations collaboration across Africa.

Rwanda Government
Affordable Housing Development
Advisory and support services for affordable housing projects: 165 units in Nyanza, Southern Province, and 180 units in Rwamagana District, Eastern Province. Advisory scope included legal compliance, architectural coordination, and contract management.

Zhong Tong Group
Zhong Tong Electric Mobility
Zhong Tong is China's largest manufacturer of buses, including electric buses and charging infrastructure. Aims Capital signed a formal representation agreement, appointed as Zhong Tong's representative for green transport promotion across Africa. Agreement signed in Kigali.
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Practice Areas
Securities and Investment Advisory
Strategic investment and securities advisory for investors, governments and development institutions, backed by regulatory and transaction due diligence.
Corporate Transactions
Advising clients on corporate structuring, governance and compliance across Rwanda and international markets.
Mergers and Acquisitions
Legal, financial and regulatory due diligence for investments, mergers, acquisitions and project financing.
Restructuring
Corporate restructuring, insolvency proceedings, receivership administration, creditor representation, and turnaround strategy for distressed businesses and financial institutions.
Real Estate
Legal and advisory services for real estate transactions, property development and investment structuring.
Arbitration & Litigation
Commercial litigation and alternative dispute resolution with 22+ years of bar experience in Rwanda and Tanzania.
Clients & Partners





Mantis Akagera Game Lodge
Recognition & Accreditation





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