Is handling cash too expensive for Rwandan banks? Ted Kaberuka unpacks the argument

PUBLISHED: Mon, 04 Nov 2019 15:22:03 GMT


In Rwanda, the cost of handling cash is said to be higher than the profits of the all local banks with the exception of Bank of Kigali. On average, the financial institutions spend between 18 and Rwf20 billion annually managing money. Ted Kaberuka, Economic Analyst joins CNBC Africa to share on this and the solution.

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