Rwanda : Another Kenyan Bank to enter Rwandan market

Another Kenyan Bank, Commercial Bank of Africa (CBA) is now considering extending its services to Rwanda next year, as a way of exploring the current booming Rwanda’s banking industry – which is considered to be one of the most vibrant and seen as a reflection of the ongoing transformation agenda being pursued by Government and other key stakeholders. Competition in the sector has of late heightened that has drastically  eroded  margins as new... Read More

Rwanda : I&M Bank take 80% shares in BCR

The entry of Kenyan based bank I&M in the Rwandan banking sector will see a boost in use of state of the art technology especially in electronic and mobile banking, and enhancement of use of ATM in Rwanda. The I&M bank officials and its partners, Proparco and DEG development finance institutions, on July 18 bought majority (80%) after a private equity firm Actis announced the sale of its 80 per cent shareholding in Banque Commercial du Rwanda... Read More