Kigali –KCB Group Plc (“KCB”) hereby provides an update on the strategic transaction for the acquisition of a majority stake in Banque Populaire Du Rwanda Plc (“BPR”). As previously announced…
Local banks
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Over 1,000 farmers have recovered their rights to work with and get all services from their respective banks after the government ordered the Credit Reference Bureau (CRB) to scrap them…
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Rwandan cooperatives are anxiously waiting for establishment of a bank that will help finance most of their projects, which local commercial banks are reluctant to invest in. According to Rwandan…
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President Kagame has ordered Trade and Industry Minister to establish a cooperatives bank as soon as possible. The President made the immediate order in response to a seemingly emotional request…
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Economy
Rwandan banks growing exponentially, but not taped into abundant opportunities
by Magnus Mazimpaka 6:10 pmKIGALI-RWANDA-Rwanda’s banking sector, regarded as a virgin industry, recorded modest profits in the first quarter of 2014, thanks to a cash-hungry economy recovering from the 2013 slump. The sector recorded…
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