Tag: development bank of rwanda
Fitch Ratings has for the first time rated Development Bank of Rwanda at B+, reflecting the bank’s stable outlook. The rating also demonstrates BRD’s ability to raise external financing in case of need. Vincent Ngirikiringo, the bank's Chief Finance Officer joined CNBC Africa and shared an update on the 3 year $24.42 million recapitalisation plan by the government.
The Development Bank of Southern Africa has entered into the Rwandan market. The financial institution will be working closely with Development Bank of Rwanda to finance infrastructure projects by both the public and private sectors, with key focus in the transport, energy, utility services and ICT sectors. Head of Coverage: Financial Institutions, SADC Region at DBSA, Mdu Dlamini joins CNBC Africa for more.
DBSA Rwanda investment summit in partnership with Development Bank of Rwanda brought together key players in the private sector, government and financial institutions to discuss investing, shaping and delivering developmental infrastructure on the continent. Eric Rutabana, CEO of Development Bank of Rwanda joins CNBC Africa for more.
In 2016, the government and the Development Bank of Rwanda (DBR) signed an agreement to start managing education loan funds as well as conduct recovery process. According to Eric Rutabana, CEO of BRD, the bank has set a target to recover about Rwf22.9 billion before the end of 2023 from now and to recover loans worth about Rwf30 billion by 2025. Claudine Matata, Head of Recovery Unit in the Education Financing Department at Development Bank of Rwanda joins CNBC Africa for more.