trending Market Intelligence /marketintelligence/en/news-insights/trending/ei-prj_qfhvzuqk-ywqvpg2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
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

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next


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.