trending Market Intelligence /marketintelligence/en/news-insights/trending/ei-prj_qfhvzuqk-ywqvpg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Commercial Bank of Africa to enter Rwandan market

Creating an Efficient Enterprise Wide Credit Risk Management System for a Leading Energy Company

Power and Gas M&A Symposium - 2019 Highlights

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

US Commercial Smart Building Projects Set For 56% Annual Revenue Growth Over The Next Five Years


Commercial Bank of Africa to enter Rwandan market

Commercial Bank of Africa Ltd. is set to enter the Rwandan market as a microfinance institution, with talks for licensing with the National Bank of Rwanda in final stages, The New Times reported Dec. 30.

Once final licensing approvals and clearances are obtained, the Kenyan lender will begin operations in Rwanda in 2017, joining KCB Group Ltd. and Equity Group Holdings Ltd., the other Kenyan banking groups operating in Rwanda. A microfinance bank needs minimum capital of 1.5 billion Rwandan francs to operate in Rwanda, while a full-fledged bank requires 5 billion francs, according to the paper.

Commercial Bank of Africa is present in Kenya, Uganda and Tanzania, according to the report.

As of Dec. 29, US$1 was equivalent to 822.00 Rwandan francs.