Guaranty Trust (GT) Bank acquires Fina bank

Fina bank operations in Rwanda, Uganda and Kenya will now be renamed and rebranded as subsidiaries of Guaranty Trust (GT) Bank, after the latter acquiring at least 70 per cent stake in shares in the three regional countries. The move comes after customary regulatory approvals which have been obtained after GT Bank and the shareholders of Fina Bank entered into a Share Sale and Purchase Agreement for the acquisition of 70 percent stake in Fina Bank... 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

Rwanda | Bank of Kigali set to open branches in East Africa.

Bank of Kigali, whose major shares are owned by the Rwandan government, has offered 45 per cent of shares to East African interested shareholders. This is in a bid to launch branches all over East Africa. “We want to explain to shareholders and investors who are Rwandan or foreign prospective shareholders of the Bank of Kigali (BK) how the bank works for now. Our bank plans to open branches in other countries of East Africa towards the end of... Read More

Ngororero : Bamwe mu banyamuryango ba banki yabaturage ntibarasobanukirwa inyungu bafite ku migabane yabo

Nyuma y’uko Banki y’abaturage y’u Rwanda ihinduwe iy’ubucuruzi abanyamuryango bayo bahindutse abanyamigabane, ariko iyo uganiriye na bamwe muri aba banyamigabane usanga batarasobanukirwa neza n’icyo umugabane wabo ari cyo n’icyo ubamariye. Bamwe mu banyamigabane ba banki y’abaturage agashami ka gatumba, izwi ku izina rya banki y’abaturage ya kibirira twavuganye ubwo bari mu gikorwa cyo kwiyandikisha kugirango ibyangombwa byabo bizabashe... Read More

Rwanda | Rusizi: Abakora akazi ki suku mu mujyi wa Kamembe binubira ko bavanyweho amafaranga yo kuzuza umugabane muri SACCO

Bamwe mu bakora akazi ko gusukura umujyi wa Kamembe bavuga ko batishimiye icyemezo cyo kuba barakuweho amafaranga 2000 y’u Rwanda mu buryo butari ubw’iby’ibyiciro nkuko byagenze batangira kwishyura umugabane mu kigega SACCO ubuyobozi bunyuzamo umushahara wabo buri kwezi. Abinubira gukurwaho amafaranga 2000 icyarimwe bavuga ko ubuyobozi bwababwiye ko bwafashe icyemezo cyo kongera umugabane w’umunyamuryango muri SACCO y’umurenge wa Kamembe... Read More