development bank of rwanda , commonly referred to by its french name banque rwandaise de développement ( brd ) , is a development bank in rwanda .

it is one of the banks licensed by the national bank of rwanda , the national banking regulator .

rwanda development bank

below you can find the local branches for development bank of rwanda in rwanda .
brd ► products & facilities . . . - development bank of rwanda - brd | facebook
: : brd restructures rural branches to . . . - development bank of rwanda - brd | facebook
atlas mara co - nvest completed its acquisition of rwanda’s commercial bank , a commercial subsidiary of the development bank of rwanda ( brd ) , and appointed konde bugingo as its ceo .
i & m bank group established in 1974 now comprises of i & m bank limited in kenya , i & m bank ( t ) limited in tanzania , bank one limited in mauritius and i & m bank rwanda limited in rwanda .
i & m bank enters rwanda with the acquisition of a majority shareholding in i & m ; bank rwanda , in consortium with proparco and deg .
development bank of rwanda - brd - 697 photos - 1 review - finance company - boulevard de la révolution , p . o box 1341 , kigali - rwanda
power africa in rwanda | power africa | u . s . agency for international development
atlas - mara’s appointee , bugingo , was formerly ceo of rwanda’s national payments switch rswitch and coo of banque populaire du rwanda ( bpr ) , rwanda’s second largest bank .
secured a us $ 150 million 15 year loan facility from kfw development bank .
i & m ; bank rwanda is one of the foremost banking institutions in rwanda with a strong reputation of reliability , solidity and innovation .
rwanda has achieved impressive development gains since the 1994 genocide and civil war . the world bank supports the energy , agriculture and transport sectors .
world bank , number of bank branches for rwanda [ ddai02rwa643nwdb ] , retrieved from fred , federal reserve bank of st . louis ; urltoken july 9 , 2018 .
it will be implemented by the newly created capacity building and employment services board ( cesb ) and the ministry of education with the support of rwanda development bank ( brd ) , higher education council ( hec ) , rwanda polytechnics ( rp ) , university of rwanda and workforce development authority ( wda ) .
african development bank group 339 witch - hazel avenue highveld ext . 78 centurion , south africa
in order to enhance the bank mission of development , in 2005 the government of rwanda mandated brd with a mission to become the
financier
of rwanda’s development . since then brd has been transforming itself in order to be able to play its crucial role in rwanda’s development . brd 2005 - 2009 strategic operating plan translates brd mission and vision to become the most profitable bank at the service of poverty reduction .
on the 26th april 2011 , the development bank of rwanda officially acquired banque de l’habitat du rwanda ( bhr ) in a ceremony hosted by honorable minister of finance and economic planning , mr . john rwangombwa .
this means that the government will continue to exist in the shareholding structure of the development bank .
trade & development bank ( tdb ) also known as the eastern and southern african trade and development bank , is an african regional development financial institution established in 1985 . the bank’s mandate is to finance and foster trade , socio - economic development , and regional economic integration through trade finance , project and infrastructure finance , funds management and business advisory services .
the development bank of rwanda - brd received this afternoon a certificate of recognition for participation and sponsorship at the closing ceremony of the 13th national agriculture show 2018 .
in rwanda atlas mara has meanwhile signed an mou to acquire a controlling interest in the commercial banking subsidiary of the development bank of rwanda ( brd ) , acquiring a 77 % stake in the bank from the rwandan government for an undisclosed sum , though in 2011 the bank was valued at $ 42 . 3m .
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in 2014 , the bank contributed to the expansion of gisozi genocide memorial site ( kigali - rwanda ) .
access bank ( rwanda ) limited is reputed as one of the fastest growing banks in rwanda , having demonstrated consistent growth in its financial performance over the past four years .
the following is a timeline of events leading to the acquisition of a portion of brd ' s assets to atlas mara 6th april 2014 the government of rwanda , rwanda social security board ( “rssb” ) , national agricultural export development board ( “naeb” ) , and development bank of rwanda ( “brd” ) have today signed with atlas mara [ . . . ]
today , rwanda is striving to rebuild its economy , with coffee and tea production among its main exports . the world bank has praised rwanda ' s recent
remarkable development successes
, which it says have helped reduce poverty and inequality .
to be a trusted and strategic partner for rwanda’s development by availing financing and advisory services to impactful entrepreneurs in key priority sectors .
african development bank group 5 th floor joina city cnr . jason moyo ave / julius nyerere way harare , zimbabwe
maximize development impact – at the center of everything that the bank will do is the idea that it must facilitate and generate development impact , in rwanda and the region . brd will ensure that this strategic objective is embedded in all its interventions .
maximize development impact : at the center of everything that the bank will do is the idea that it must facilitate and generate development impact , in rwanda and the region . brd will ensure that this strategic objective is embedded in all its interventions .
in 2015 , all multilateral development institutions have agreed on a same set of objectives , called the sustainable development goals . they are :
launch of the africa project development initiative ( apdi ) , a think tank and network to promote and enable project development in africa .
world bank . 2017 . rwanda - priority skills for growth program - for - results project ( english ) . washington , d . c . : world bank group . urltoken
the development bank of rwanda ( brd ) has completed the sale of a portion of its assets to atlas mara co - nvest in a signing ceremony that took place on friday in washington dc during the just concluded 2014 annual world bank meetings .
the overarching objective of the african development bank ( afdb ) group is to spur sustainable economic development and social progress in its regional member countries ( rmcs ) , thus contributing to poverty reduction .
african development bank group sophie community , old congo town , p . o . box 1844 , 1000 monrovia , 10 liberia
african development bank group garden avenue , 5th floor , international house p . o . box 6024 dar es salaam , tanzania
federal reserve bank of st . louis , one federal reserve bank plaza , st . louis , mo 63102
bilateral dfis are either independent institutions , such as the netherlands development finance company ( fmo ) , or part of larger bilateral development banks , such as the german investment and development company ( deg ) , which is part of the german development bank kfw . they are both among the largest dfis worldwide . the main bilateral dfis include :
during the course of the year 2015 , development bank of rwanda ( brd ) concluded its restructuring process to align the bank’s operations and management to its new expanded and refocused mandate of a purely development finance institution ( dfi ) following the disposal of the commercial retail banking activities ( equivalent to 31 % of [ . . . ]
impact positively on the loan portfolio quality of the bank by overseeing the proper collateral management of the bank’s assets .
access bank rwanda leverages on its international network within the access bank group which is made up of seven ( 7 ) african markets ( congo dr , ghana , gambia , nigeria , rwanda , sierra leone and zambia ) spanning sub - saharan africa’s three monetary zones and the united kingdom . in rwanda , the bank provides a range of universal banking services that can be accessed by nearly the entire population . currently , the bank operates from 7 branches across the country .
african development bank group 14th floor , crested towers building plot 17 / 22 hannington road p . o . box 28509 kampala - uganda
about brd the development bank of rwanda is a public limited liability company created on august 5 , 1967 . brd is a development finance institution dedicated to becoming
the financier of rwanda ' s development
. brd ' s vision is ,
to be the leader of productive investment and be the most profitable bank at the service of poverty reduction
. brd provides long - term financing to the private sector and offers a range of products including loans , leasing , mortgage financing , and trade finance .
development bank of rwanda ( brd ) has designed a collection of ‘ frequently asked questions ( faqs ) ’ in response to the commonly received inquiries or questions in the context of providing better understanding of brd’s overall mandate .
the trade & development bank’s trade finance services are designed for entrepreneurs carrying out trade activities that drive the economies of the sub - region .
hotel development pipeline expands by 7 . 6 % across the middle east and africa
african development bank group boulevard de l’umuganda building glory house , 3rd & 4th floors ; kacyiru road p . o . box 7329 kigali , rwanda phone : ( + 250 ) 252 504250 fax : ( + 250 ) 252 504298
ongoing reforms in electricity services to ease doing business in rwanda monday , 23 april 2018 kigali - 20th april 2018 , rwanda energy group . . . read more . . .
rwanda - priority skills for growth program - for - results project ( engli . . .
tortola , british virgin islands - - ( marketwired - oct 15 , 2014 ) - atlas mara co - nvest limited (
atlas mara
or the
company
) has completed its previously announced acquisition of the development bank of rwanda ' s (
brd
) newly formed commercial bank .
development bank of rwanda ( brd ) , is a public company limited by shares , with a share capital of rwf 7 , 808 , 931 , 000 , registered at the officer of the registrar general , whose company code n° 1000003547 .
with this acquisition , atlas mara has broadened its footprint into the fast growing east african community . atlas mara has appointed konde bugingo to be the ceo of the new commercial bank . he joins from rswitch , rwanda ' s national payments switch , where he was ceo . prior to that , he was coo of banque populaire du rwanda (
bpr
) , rwanda ' s second largest bank .
“rwanda has been an exemplar of the economic possibilities of sub - saharan africa and brd has been a key part of that growth . i am looking forward to working closely with konde bugungo and his team to assist in the financial development of rwanda and the region . ”
the bank was incorporated on august 5 , 1967 ; however , its incorporation certificate was issued on 7 / 7 / 2011 while a banking license n°003 was issued by the national bank of rwanda on august 11 , 2009 .
over the years , access bank has evolved to become a catalyst for socio - economic development in the country and is on its way to becoming one of the top three banks in rwanda within the next 5 years . the bank recently strengthened its retail banking business , by offering a wide range of retail products .
what will it take to end extreme poverty and promote shared prosperity by 2030 ? and how can the world bank group – the ifc , miga , and the international development association – help in that challenge over the next five years ? these questions shape the world bank group country partnership strategy for rwanda which draws heavily on close consultations with the government of rwanda , the private sector , civil society organizations , and international development partners and articulates how financing and knowledge will be mobilized so that rwanda can realize its potential to lift millions of families out of poverty and become a truly modern economy .
african development bank group 72b , al - maahad el - eshteraky st . 5th floor afreximbank bldg . – opposite to marryland roxy / heliopolis cairo , egypt
to help rwanda respond to these challenges , the world bank group will build on its current portfolio of a net commitment of almost $ 600 million and invest $ 1 billion or more new resources in the next five years to support rwanda’s journey to prosperity .
some of the key projects and programs funded by the world bank group ( wbg ) include the rwanda electricity access scale - up and sector wide approach development project ( $ 130 million ) ; land husbandry , water harvesting and hillside irrigation ( $ 69 million ) ; and the third support to the rwanda social protection system ( $ 70 million ) .
brd has set a new course as a purely development focused national development bank . the new vision to “accelerate broad based , sustainable economic transformation and prosperity creation” makes this new mandate clear . to achieve this vision , brd has articulated four strategic themes :
atlas mara also signed a memorandum of understanding in which a detailed management services agreement will be developed to manage the development bank to reach its core and strategic objectives .
over the years , the bank group has continued to pursue its institutional reforms aimed at maximizing its development effectiveness and the quality of its operations , supporting efforts by its regional member countries and building their capacity to strengthen their economies . the bank has also consolidated its role as the continent ' s premier development finance institution , a knowledge and research centre and the preeminent voice for african development issues . for purposes of accountability and efficient management , the bank has adopted the following structure comprising six vice presidential complexes .
atlas mara co - nvest , the london - based investment joint venture between bob diamond and ashish thakkar , founder of the dubai - based mara group , has agreed to both tap zimbabwe’s bond market and separately to acquire the commerical subsidiary of the development bank of rwanda .
development bank of rwanda ( brd ) , is a public company limited by shares , with a share capital of rwf 7 , 808 , 931 , 000 , registered at the officer of the registrar general , whose company code n° 1000003547 ; while its incorporation certificate issued on 7 / 7 / 2011 and a banking license n°003 was issued by the national bank of rwanda on august 11 , 2009 . brd was incorporated on august 5 , 1967 .
access bank is committed to supporting the socio - economic development of the communities we serve . we deliver value every aspect to our customers , our people and our communities .
as the government of rwanda’s investment arm , brd’s financial development objectives focused on the priority sectors of the economy . it aimed at becoming the first stop for all long term investments into rwanda’s key sectors and to be the prime driver of viable private sector investments . brd has long been [ . . . ]
ifc’s program in rwanda covers four main areas ; capital and financial markets development ; infrastructure and natural resources ; manufacturing , agribusiness , and services ; and small and medium enterprises ( smes ) development and investment climate reform . through the rwanda entrepreneurship development group , the ifc participated in a $ 6 million advisory program focusing on links to the tourism sector , non - farming jobs with the ministry of trade and industry , an $ 8 million small and medium enterprises fund , and a center for business solutions .
in its expanded mandate aligned with the new strategic plan 2016 - 2020 , brd has set a new course as a purely development focused national development bank . the new vision to “ accelerate broad based , sustainable economic transformation and prosperity creation ” makes this new mandate clear .
increased resource mobilization — in line with the expectations around its development mandate , brd will more mobilize resources to fund this ambitious strategy . the bank’s financial resources will always be a small fraction of the financing needs of rwanda’s transformation . the bank will explore options for attracting more investments from new funders and donors , including dfis , pension funds , impact investors .
increased resource mobilization : in line with the expectations around its development mandate , brd will more mobilize resources to fund this ambitious strategy . the bank’s financial resources will always be a small fraction of the financing needs of rwanda’s transformation . the bank will explore options for attracting more investments from new funders and donors , including dfis , pension funds , impact investors .
the statement notes that after the transaction , the current shareholders of brd will retain their rights in the development bank section which will mainly focus financing priority sectors of the economy .
development in information technology such as mobile phone is making it possible for poor people to receive financial services without having to travel long distances to bank branch and at affordable cost .
to bring services closer to the people , brd will soon leverage on the large network of our partners such as business development fund ( bdf ) and bpr to effectively serve all our clients located allover rwanda .
“rwanda can focus on second - generation economic reforms of export diversification , structural transformation , regional integration and financial sector deepening to accelerate economic growth and boost incomes of the poorest so that rwandans can advance in their journey to prosperity . ” says diariétou gaye , world bank country director for rwanda .
the government of rwanda and the world bank have signed a $ 120 million to support the expansion of opportunities for the acquisition of quality , market - relevant skills in selected economic sectors .
the two former companies were brd wholly owned subsidiaries tasked with the mission of providing services and products that boost the development of sme’s in rwanda . the new company remained subsidiary to brd and streamlined the previous mission .
paul kagame has run rwanda since his rebel army ended the slaughter of hundreds of thousands of people in 1994 .
many ongoing projects supported by the world bank have mobilized support from other development partners for projects that include the electricity access project ( nordic development fund , opec fund for international development , netherlands ) , the second emergency demobilization and reintegration project ( sweden , germany , netherlands ) , and the land husbandry , water harvesting and hillside irrigation ( lwh ) project ( usaid , canada , gafsp ) .
engender best practice in in - house and board secretarial activities at the bank .
rwanda has also developed a fip investment plan that builds on existing forestry policies and closely aligns with rwanda’s strategic program for climate action under the ppcr . it focuses on strengthening resilience in the agriculture and water sectors , climate - proofing urban land use planning , and safeguarding rwanda’s most disaster - prone landscapes against floods , landslides , and fuelwood harvesting .
it is expected that the commercial bank will be built on a plot already set aside alongside the brd in kigali . it will receive a full commercial banking license shortly , once certain conditions are satisfied , and while shareholders will retain their rights in the development bank section .
rwanda is has been exemplar of the economic possibilities of sub - saharan africa and brd has been key to that growth .
african development bank group get - house building , 7th and 8th floor kirkos sub - city , kebele 20 / 21 , house n° 056 addis ababa , ethiopia p . o . box 25543 - 1000
the bank provides short , medium and long term financing to investment projects that majorly fall under the priority sectors ( agriculture , exports , energy , housing , education ) which are aligned with the bank’s strategic plan 2016 - 2020 and the governments development agenda enshrined in vision 2020 and edprs ii .
i & m ; bank ( rwanda ) limited kn 03 ave 9 p . o . box 354 kigali , rwanda swift code : imrwrwrw call centre ( within rwanda ) : 3227 tel1 : + 250 788 162 000 tel2 : + 250 252 595 200 fax : + 250 252 573 395 general queries : info @ urltoken ebanking and cards : ebanking @ urltoken customer service and complaints : customerservices @ urltoken webmail : https : / / webmail . urltoken / owa
the imf said rwanda’s growth in 2015 was driven by construction , services , agriculture and manufacturing , but mining exports have slowed .
“this project is a direct support of edprs2 . it will ensure that the workforce gets the vital skills that will help to grow the economy , ” yasser el gammal , the world bank country manager for rwanda said .
the commercial bank has been formed following an internal reorganisation of brd , which transferred most of its existing commercial banking assets and liabilities into the newly incorporated commercial bank . it is expected that the commercial bank will receive a full commercial banking license once certain conditions are satisfied .
the bank will also diversify its portfolio by financing real estate and developing trade finance facilities .
effective from 1974 , the bank embarked on aggressive financing of different sectors of the economy .
a key part of the bank’s sustainability strategy is bringing the unbanked and under - banked into the mainstream economy . the development of products and services aimed at financial inclusion underlies our contribution to narrowing the poverty gap .
africa finance corporation ( afc ) , in conjunction with the african development bank , government of côte d’ivoire and other international financial institutions , provided the € 270 . 0 million co - financing . . . . .
banque commerciale du rwanda ( “bcr or the company” ) was incorporated on 4 april 1963 as the first commercial bank in all of rwanda . the company’s initial capital was rwf15 million , distributed among 15 , 000 shares outstanding . by october 1987 , bcr’s share capital had increased to rwf325 million , which was represented by 230 , 000 nominal shares outstanding .
the world bank group works in every major area of development . we provide a wide array of financial products and technical assistance , and we help countries share and apply innovative knowledge and solutions to the challenges they face .
the development objective of the priority skills for growth program - for - results project for rwanda is to expand opportunities for the acquisition of quality , market - relevant skills in selected economic sectors . the proposed operation is aligned with themes . . . see more +
during the years 1968 to 1970 , the bank was being established and no projects were financed .
completion of a set of critical policy and institutional actions agreed between the bank and the client .
we also offer debt relief under the multilateral debt relief initiative ( mdri ) . the mdri goes further than the hipc initiative and provides a group of low income countries , who have completed or are due to complete the hipc process , 100 % debt relief , from the world bank , imf and african development bank .
building strong partnerships — in order to achieve its development goals , brd will use every opportunity to build strong and varied partnerships .
building strong partnerships : in order to achieve its development goals , brd will use every opportunity to build strong and varied partnerships .
one of the fastest growing economies in central africa , rwanda notched up gdp growth of around 8 % per year between 2001 and 2014 .
number of commercial bank branches per 100 , 000 adults . for each type of reporting institution calculated as : ( number of institutions + number of branches ) * 100 , 000 / adult population in the reporting country . ( international monetary fund , financial access survey ) source code : gfdd . ai . 02 number of bank branches for rwanda
in a bid to promote environmentally friendly practices , the bank continues to participate in social community work .
ensuring compliance with standard financial and legal practice and maintain high standards of corporate governance at the bank .
the objective of this acquisition is to achieve sustainable growth by making brd a stronger and better positioned bank which provides long - term loans , housing loans , mortgage re - financing and other financial services that will improve access to finance in rwanda .
technical assistance - the world bank group can provide professional technical advice that supports legal , policy , management , governance and other reforms needed for a country ' s development goals . our wide - ranging knowledge and skills are used to help countries build accountable , efficient public sector institutions to sustain development in ways that will benefit their citizens over the long term . bank staff offer advice and support governments in the preparation of documents , such as draft legislation , institutional development plans , country - level strategies , and implementation action plans . we can also assist governments to shape or put new policies and programs in place .
is used in all sectors , with a concentration in the infrastructure , human development , agriculture , and public administration sectors . ipf is focused on the long - term ( 5 to 10 year horizon ) and supports a wide range of activities including capital - intensive investments , agricultural development , service delivery , credit and grant delivery [ including micro - credit ] , community - based development , and institution building .
following changes in the central bank of kenya regulation , i & m formally converted into a commercial bank on 1st april 1996 . this change coincided with a move to a more modern setting on koinange street .
inclusive : brd will deliver broad based development for all rwandans especially those underserved by commercial banks and a special focus on women and youth .
we work with the cdc ( the uk’s bilateral development finance institution ) to stimulate responsible and long - term private investment in developing countries .
the world bank says rwanda’s economy is vulnerable to fluctuations in foreign aid – growth fell to 4 . 7 % in 2013 after some donors withheld aid over allegations in a 2012 un report that the government was backing rebels in the democratic republic of congo .
in 2013 , the bank’s community investment initiatives touched lives of 38 households of genocide survivors in kigali village .
“much of the change of the last twenty years can be attributed to the leadership of the government and i am excited to be associated with this development , ” diamond stated , and the kigali - born thakkar added : “rwanda is a country that holds a very special place in my heart .
in february 2008 , i & m acquired 50 % shareholding in first city bank ( fcb ) limited , through a joint venture with the ciel group , mauritius . fcb has subsequently rebranded itself as bank one limited .
the bank’s major shareholder is the government of rwanda ( gor ) and public institutions ( including rssb , naeb ) . other shareholders include local private institutions ( such as bk , bralirwa , and sonarwa among others ) and foreign institutions ( such as belgian government ) .
in january 2010 , i & m bank announced its entry into commercial banking in tanzania with the acquisition of a majority stake in cf union bank ltd ( cfub ) . also participating in the equity buy - out was proparco , a french development financial institution , and an existing shareholder of i & m bank together with the kibo fund and a well known and respected tanzanian businessman mr . michael n shirima who is a significant shareholder of precision air , the tanzanian national airline .
the bank has financed about 80 % of the country’s medium and long term loan portfolio in the productive ventures .
inclusive : brd will deliver broad based development for all rwandans especially those under - served by commercial banks and a special focus on women and youth .
dfid helped to set up the business call to action which challenges companies to develop business models that offer the potential for both commercial success and development impact .
ida , the world bank’s fund for the poorest , contributes nearly 50 % of its funds to 39 african countries .
access bank’s growing profile in the rwandan and african markets is underscored by its commitment towards sustainable business practices . the bank’s responsible business practices encompass every facet of its operations and guides the manner in which it engages customers and host communities .
bcr was placed under direct central bank supervision and later , the government of rwanda then decided to privatise bcr . an audit in 2003 carried out by deloitte & touche for the year 2002 revealed that bcr had a net cumulative loss of rwf5 . 6 billion , thus eroding all of bcr’s share capital . the central bank intervened and mandated that bcr either be recapitalised or be liquidated . the shareholders of the bank decided to increase the share capital to rwf7 . 6 billion , but only the government agreed to subscribe for the additional capital raise . thus , bcr became 86 . 8 % owned by the government of rwanda , as opposed to 49 . 4 % before the increase in share capital .
economic and sector work - in collaboration with country clients and development partners , bank country staff gather and evaluate information ( data , policies and statistics ) about the existing economy , government institutions or social services systems . this data provides a starting point for policy and strategic discussions with borrowers and helps enhance a country ' s capacity and knowledge . studies and analytical reports help us support clients to plan and implement effective development programs and projects .
miga currently has one active project ( kivuwatt ) in rwanda with at total gross exposure of $ 95 . 4 million . miga remains open for business in rwanda across all of its political risk insurance product lines , including transfer restriction , expropriation , breach of contract , war , civil disturbance , and the non - honoring of sovereign obligations .
rwanda energy group wins 2018 local genocide memorial basketball tournament sunday , 20 may 2018 on sunday 20th may 2018 at remera - amahoro . . . read more . . .
deg and proparco , two leading international development financial institutions , invested k . shs . 377 million to acquire 11 . 96 % shareholding in i & m .
the government of rwanda envisions transitioning from a developing country to a middle - income country . to achieve this goal , the government is targeting 100 % electricity access by 2024 . rwanda is endowed with natural resources , including hydro , solar , and methane gas . it currently only has 209 mw of installed generation capacity . based on government data , rwanda’s national electrification rate has reached 41 % ( 11 % off - grid , 30 % on - grid ) . over seven million people still lack access to electricity .
diamond , who quit as barclays’s ceo in 2012 after the bank was fined for manipulating the libor inter - bank interest rates , said of vitalo : “he is a business builder and deeply knowledgeable in the critical areas of technology and risk . ”
however , at the beginning of december 2004 , actis , a private investment company acquired bcr after the recapitalization of the equity share of the bank . the ordinary share capital of the bank came to rwf 3 , 478 , 750 , 000 .
since march 2011 , brd advisory services ( bas ltd ) and brd development fund ( bdf ltd ) companies were merged to form a new company called bdf ltd . the two former companies were brd wholly owned subsidiaries tasked with the mission of providing services and products that boost the development of sme’s in [ . . . ]
there is a strong commitment of the board audit committee and the chief executive officer to support the development of a value adding world class internal audit function and this entails continuously reviewing the positioning of the function within the bank , involving internal audit in the bank’s strategic decisions and providing the necessary technical assistance resources to ensure the function conforms to all aspects of the international standards for the professional practice of internal auditing .
rwanda , a small landlocked country in east - central africa , is trying to recover from the ethnic strife that culminated in government - sponsored genocide in the mid - 1990s .
since march 2011 , brd advisory services ( bas ltd ) and brd development fund ( bdf ltd ) companies were merged to form a new company called bdf ltd .
as the government of rwanda¡¦s investment arm , brd’s financial development objectives will focus on the priority sectors of the economy . it aims at becoming the first stop for all long term investments into rwanda¡¦s key sectors and to be the prime driver of viable private sector investments . brd has long been and is still the main financier of medium and long term investments , with a market share of 40 % . it also has a stellar record in honoring credit lines , in financing high risk sectors and a strong debut in microfinance .
we fund the private infrastructure development group which gets private sector investment to assist developing countries in providing infrastructure vital to boosting their economic growth , and combating poverty . we also fund world bank infrastructure projects , the public private infrastructure advisory facility and innovative mechanisms like the community led infrastructure finance facility .
watch , listen and click through the latest videos , podcasts and slideshows highlighting the world bank’s work in sub - saharan africa .
he was sworn in as vice - president and defence minister in the new , post - genocide government in july 1994 , but was widely seen as the real power in rwanda .
1300s - 1916 - tutsis migrate into what is now rwanda , which was already inhabited by the twa and hutu peoples . in the 1600s the tutsi king ruganzu ndori subdues central rwanda and outlying hutu areas ; by the late 1800s it is a unified state until it becomes part of german east africa in 1890 . it is occupied by belgian forces 26 years later .
rwanda met most of the millennium development goals ( mdgs ) by the end of 2015 . strong economic growth was accompanied by substantial improvements in living standards , with a two - thirds drop in child mortality and near - universal primary school enrolment . a strong focus on homegrown policies and initiatives has contributed to significant improvement in access to services and human development indicators . the poverty rate dropped from 44 % in 2011 to 39 % in 2014 , while inequality measured by the gini coefficient fell from 0 . 49 to 0 . 45 .
bcr resumed operations in 1995 , while many new and existing borrowers returned to rwanda from exile with the liberating forces . most new borrowers had no established securities or business track records in rwanda . the company extended many unsecured loans to the returning rwandese refugees , even though many of them had poor credit histories . bcr sustained heavy losses as a result of this lending policy .
i & m acquired the assets of biashara bank of kenya limited . this merger resulted in increased market share , profitability and efficiency .
in october 2015 , the government of rwanda gave the mandate of management of students’ loans and bursaries to brd in compliance with the provisions of law no 44 / 2015 of 14 / 09 / 2015 governing student loans and bursaries in rwanda . this role was previously undertaken by the ministry of education ( mineduc ) . the cardinal principle of brd taking over [ . . . ]
foreign aid to rwanda increased significantly as the country began rebuilding itself after the genocide . a large chunk of government revenues – 30 - 40 % of the budget – still comes from aid .
in other development , diamond successfully headhunted john vitalo , his former colleague and barclays ceo for the middle east and north africa , as the ceo for atlas mara co - nvest .
investment project financing provides ibrd loan , ida credit / grant and guarantee financing to governments for activities that create the physical / social infrastructure necessary to reduce poverty and create sustainable development .
2015 – the review focused on how reforms supported by development policy financing ( dpf ) contributed to equitable growth and poverty reduction , taking into account environmental , social and economic sustainability .
through the 3 functions , the unit acts as a link between the management , board of directors and company stake holders ( shareholders , customers etc . ) in primarily ensuring good corporate governance at the bank , mitigating risks and maximizing the rights of the bank in its engagements .
on the 26th april 2011 , brd officially acquired banque de l’habitat du rwanda ( bhr ) in a ceremony hosted by honorable minister of finance and economic planning , mr . john rwangombwa . the objective of this acquisition was to achieve sustainable growth by making brd a stronger and better positioned bank which provided long - term [ . . . ]
the program will reinforce governance of skills development system , ensure provision of quality training programs with market relevance , and expand opportunities for continuous upgrading of job - relevant skills for sustained employability .
green africa power , a new private infrastructure development group facility , has been developed jointly by dfid and decc to overcome specific constraints to private sector investment in renewable power generation in africa .
the 3 year priority skills program for growth ( psg ) project will focus high priority economic sectors including energy , transport and logistics , and manufacturing ( with a focus on ‘made in rwanda’ products ) .
we offer a range of financial services for businesses and corporates , from bank accounts and loans to trade finance and e - commerce payment gateways .
the general counsel is a support function in the bank responsible for ensuring that the bank complies with the standard financial and best legal practice , and maintains good standards of corporate governance . the unit oversees the activities 3 functions . these functions are governance , legal project finance and collateral management .
other multisector operations included economic reform and diversification in mauritania and export development in morocco . dominating approvals for the finance sector , at ua 341 . 4 million , was a ua 208 . 3 million loan to tunisia to help modernize its financial sector . tunisia also features prominently in the social sector , with a project fostering inclusive regional development valued at ua 140 million . among other approvals in the social sector was a project aimed at promoting sme development in mauritania . agriculture made up 8 . 5 percent of approvals in 2016 , and water and sanitation 5 . 2 percent .
in the long term , the government aims to transform rwanda from a low - income agriculture - based economy to a knowledge - based , service - oriented economy with a middle - income status by 2020 .
the commercial bank is a newly incorporated entity formed after an internal reorganisation of brd , which transferred most of its existing commercial banking assets and liabilities .
these impacts will be delivered through enhanced dialogue with rmcs as the bank gets progressively closer to its clients , in line with its new business model .
social services , water supply and sanitation , domestic components of communication and transport , urban development , environment , and multisector operations are mapped to improve the quality of life for the people of africa .
in 2011 dfid published ‘the engine of development : the private sector and prosperity for poor people’ which set out how we intended to involve the private sector more fully in reducing poverty in developing countries .
the government actuary’s department is working with the ghanaian national insurance commission and giz on the development and delivery of effective microinsurance services for low - income people as part of a more robust insurance market .
brd plans to inject rwf 160 billion into the rwandan economy over 2010 - 2014 and grow its portfolio from rwf 36 . 1 billion in 2009 to over 178 billion in 2014 . the bulk of these resources will focus on stimulating economic growth , accelerating rwanda¡¦s development agenda and reducing poverty . this investment will create nearly 150 . 000 jobs which will impact livelihoods on more than 1 , 000 , 000 people .
dfid has over 40 market systems development programmes . these programmes examine markets from the perspective of poor people , to understand why goods and services provided by the private sector do not always meet their needs .
prior actions are policy and institutional actions deemed critical to achieving the objectives of a program supported by the development policy operation . these present the legal terms defined in the loan agreement that have to be met for each operation before disbursement . a database of prior actions for all development policy operations since 1980 is updated annually at the end of each fiscal year by the operations policy and country services vice presidency .
energy and water companies remembered the former employees of electrogaz who were victims of the genocide against the tutsi in 1994 saturday , 21 april 2018 the management of rwanda energy group limited . . . read more . . .
rwanda is partnering with the cif to support its vision 2020 plan , which articulates the objective of moving the predominantly subsistence - based agricultural economy to a middle - income , knowledge - based economy by the year 2020 .
evidence to the treasury select committee on bank de - risking , which is being considered as part of the committee’s inquiry on the treatment of financial services consumers .
a new strategy is under development at reg to ensure gender mainstreaming in the energy sector thursday , 14 june 2018 from the 13th of june to the 14 , elected members . . . read more . . .
development policy financing provides ibrd loan , ida credit / grant and guarantee budget support to governments or a political subdivision for a program of policy and institutional actions to help achieve sustainable , shared growth and poverty reduction .
program - for - results links disbursement of funds directly to the delivery of defined results , helping countries improve the design and implementation of their own development programs and achieve lasting results by strengthening institutions and building capacity .
2005 july - government begins the mass release of thousands who confessed to involvement in the 1994 genocide . rwanda ' s 12 provinces are replaced by a smaller number of regions with the aim of creating ethnically - diverse administrative areas .
we encourage investments through our holdings in the international finance corporation ( ifc ) . the ifc , part of the world bank group , is a global development institution focused exclusively on the private sector in developing countries . it works with companies and financial institutions in emerging markets to create jobs , generate tax revenues , improve corporate governance and environmental performance , and contribute to their local communities
during the year , the bank equipped employees in basic life support and first aid , skills training including the use of fire extinguishers and how to respond to emergencies .
— additional financing from the world bank will support rehabilitation and improved road safety standards , and will strengthen procedures for climate change mitigation and resilience to the road network .
afc’s mission is to help address africa’s infrastructure development needs while seeking a competitive return on capital for its shareholders . since it began operations in 2007 , afc has created the building blocks with which to achieve this objective .
1996 - 2003 - rwanda ' s invasion of dr congo marks the beginning of its lengthy involvement in the neighbouring country ' s civil war , first helping to oust president mobutu and install joseph kabila , and later to oppose kabila .
total approvals for light up and power africa rose sharply by 72 . 8 percent to ua 1 . 51 billion , representing 18 . 7 percent of bank group approvals .
we are planning initiatives to improve access to financial services for over 18 million women , to help 2 . 3 million women access jobs , and to secure access to land for 4 . 5 million women ( including in rwanda and india ) .
mainly through equity investments , long - term loans and guarantees . they usually have a greater financing capacity than bilateral development banks and also act as a forum for close co - operation among governments . the main multilateral dfis include :
the bank is a subsidiary of access bank plc , ranked amongst the top 20 banks in africa by assets and capital . the leadership position of access bank plc was recently validated by an upgrade of its risk ratings by reputable international and domestic rating agencies : s & p ( nga - to nga ) ; fitch ratings ( b - to b ) ; and augusto & co ( bbb to a - ) , which is attributable to its improved market position , strong capitalization , strong liquidity profile and enhanced distribution network .
the new main branch of i & m opened at the glittering 16 storey i & m bank tower located at the heart of the central business district of nairobi - kenya .
on receipt of an application for financing , the bank’s service charter sets at least three weeks for projects below rwf 600 million and six weeks for projects above rwf 600 million .
we work to give poor people better access to savings , credit and insurance , including support to 18 million women to access financial services like bank accounts , savings and insurance .
currently around 83 % of rwanda ' s population of 10 . 5 million live in rural areas and more than 70 % of the population still work in subsistence farming . but the government , led by president paul kagame , wants to change this .
atlas ceo john vitalo , noted : “it is our third closing , following the acquisitions of bancabc and adc , and expands our presence in the vibrant east african community in which rwanda is well - positioned to serve as an important financial services hub .
the action group is chaired by sir brian pomeroy and includes representatives from the british bankers association , the international association of money transfer networks ( iamtn ) , the payments council , the charity finance group , the world bank and the financial conduct authority . government participants include hm treasury , the department for international development , hm revenues and customs , foreign and commonwealth office , the cabinet office and the national crime agency .
this is the medium to long term lending window of the bank . under this window , loans are generally structured such that they rely primarily on the project’s cash flows for repayment .
after the extraordinary general meeting of bcr held on 19 th december 2007 , the ordinary share capital of the bank was increased to rwf 5 , 000 , 000 , 000 . his
ifuse facilitated participation for delegates from these countries in the joint better regulation delivery office ( brdo ) and world bank conference in london on reforming the inspection climate to promote sustainable growth .
— this new world bank facility will work to improve access to capital , provide technical assistance , and invest in other projects and programs that support women and women - led smes .
in a recent speech , secretary of state justine greening outlined the importance of investing in economic growth in developing countries , how dfid works in new and emerging markets and the role of business in international development . the new measures announced included :
africa finance corporation ( afc ) , the leading african investment grade rated multilateral development finance institution , established in 2007 , has today had its international credit rating reaffirmed at a3 / p2 ( stable outlook ) by moody’s investors service ( “moody’s” ) .
adb approvals increased 120 percent from ua 545 million in 2015 , reflecting the bank’s drive to expand its business in eastern africa , now host to some high - profile projects . the bank’s portfolio for the region at end - 2016 consisted of 217 projects with a total commitment value of ua 7 . 12 billion . infrastructure dominates the portfolio , with 69 percent of approvals .