BRD and African Development Bank(AFDB) sign US$ 8 Million Line of Credit

Development Bank of Rwanda (BRD) and The African Development Bank (AfDB) signed today a US$8 million Line of Credit (LoC) to support BRD lending to the agriculture, agro-processing, telecommunication, education and tourism infrastructure sectors in... read more

BRD launches saving facility for cheaper mortgage borrowers

The Development Bank of Rwanda (BRD) has unveiled a new mortgage product aimed at encouraging customers to save while they plan to build or buy their dream home. The facility was officially launched during the Prosperity Expo at the Gikondo show... read more

BRD restructures rural branches to boost outreach

The Development Bank of Rwanda (BRD) has reorga¬nized some of its branches upcountry in a bid to get closer to customers and provide them with effective services. Effective August this year, BRD closed its branch in western prov¬ince based in Karongi... read more

BRD staff celebrate CEO’s award.

The recognition of Mr Jack Nkusi Kayonga, the chief executive officer of BRD, as the Young African Business Leader of the Year 2012 is a wonderful success for the entire staff of the bank. Excited by this momentous achievement, BRD staff treated... read more

BRD CEO is Africa’s best young manager

Jack Nkusi Kayonga, the chief execu¬tive officer of Rwanda Development Bank (BRD), is Africa’s Young Busi¬ness Leader of the year. He was crowned last week during the All Africa Business Leaders Awards 2012, an annual event by CNBC Africa in... read more

BRD tops Agaciro donors with Frw155 million

Development Bank of Rwanda (BRD) has won many hearts of nationals and earned respect from other players in the financial for it contribution of Frw 155 million to Agaciro Development Fund (AgDF). His Excelence, President Paul Kagame launched the... read more

BRD CEO scoops regional award

The Chief Executive Officer of Rwanda Development Bank (BRD), Jack Kayonga, has scooped an award as East African Young Business Leader of the year 2012, in the All African Business leader Awards 2012 (AABLA). The awards ceremony, took place at the... read more

Diary farmers to benefit from new deal

Development Bank of Rwanda (BRD) and the Ministry of Agriculture and Animal Resources have signed a memorandum of understanding to support dairy farmers to import around 1,000 higher milk producing dairy cattle breeds in the first phase of the... read more

Prime Minister Dr. Pierre Damien Habumuremyi visited BRD.

Impressed by the success of projects initiated and funded by Rwanda Development Bank (BRD), the Prime Minister, Pierre Damien Habumuremyi, has urged the bank to assess specific development needs of all regions with a view to initiate suitable... read more

BRD turns around Ruhango fortunes using cassava

BRD’s cassava processing plant in Kinazi, Ruhango district has become a catalyst for economic development in southern province in line with the bank’s strategy to fund projects with high growth potential and significant socio-economic impact. In... read more

Retail banking unveils new opportunities at BRD

The recent introduction of retail banking has helped BRD broaden services offered to clients as it positions itself to be the bank of choice for individuals and businesses looking for short and long-term credit. BRD recently launched new lending... read more

BRD takes lead in agric funding with Frw 16bn

BRD has allocated Frw 16 billion for lending to agriculture projects this year, positioning itself as a leading source of funds for the sector that is so critical to the country’s economic growth but is perceived as highly risky by commercial banks.... read more

BRD shortlisted for African banker awards

Rwanda Development Bank (BRD) has been nominated from this year’s Africa Banker Awards under the financial inclusion award category, implying that recent efforts to increase financial inclusion are paying off. The African Banker Awards are organized... read more

BRD flies boy to India for open heart surgery

Abner Gahaya Cyusa, a 20-month-old toddler born with Ventricular Septal Defect (VSD), a condition where one or more holes are found in the wall that separates the right and left ventricles of the heart, on Friday March 30, 2012 left for medical... read more

BRD shareholders approve 2011 profit and loss account.

PRESS RELEASE:: Kigali, March 23, 2012 Rwanda Development (BRD) shareholders today held their 44th Ordinary General Assembly (OGA) and approved the balance sheet and profit and loss account for the 2011 fiscal year. The OGA that sat at the bank’s... read more

BRD sponsors 2012 Rwanda open golf championship

The vivacious 2012 Rwanda open golf tourney ended on Saturday 25th February 2012 with EMMANUEL Ruterana as the champion. Ruterana is a Rwandan professional golfer. He was handed a trophy and a cash prize of USD 1,000 after he beat Jean Baptist... read more

BRD financed the construction of Gisozi-Gakinjiro modern market

In fulfillment of its mandate of being the source of long-term development financing, BRD has offered to finance the construction of the Gisozi – Gakinjiro modern market. This is in line with the national goals of transforming the nation into a... read more

BRD lends teachers Frw 1.5bn to build houses

Rwanda Development Bank (BRD) has extended a loan facility of Frw 1.5 billion to Umwarimu, a teacher’s cooperative and credit organization, to boost its financial capacity to fund a housing program for its members. Jack Kayonga, the chief... read more

BRD gets A+ rating, ranked 3^rd best in Africa

Rwanda Development Bank (BRD) has been ranked the third best development bank in Africa and awarded an A+ rating by the Association of African Development Finance Institutions (AADFI) during its three-day annual forum held in the Democratic Republic... read more

BRD Deposit taking working hours

Announcement The Rwanda Development Bank (BRD), with a great pleasure, informs its esteemed clients that from 1st October 2011 the new front office (counters) working hours are as follows: Monday to Friday: From 08:00 AM to 08:00 PM. Saturdays... read more

Rwandan small businesses to benefit from EUR 8 million EIB funding

PRESS RELEASE; 19th September, 2011 Rwandan small businesses to benefit from EUR 8 million European Investment Bank funding Medium and long-term financing for small businesses in Rwanda is set to be transformed by a EUR 8 million European... read more

BRD’s 44^th Anniversary

Dear Partners, Beneficiaries and Friends, One more Year for BRD!!! The 5th August 2011, is BRD’s 44th anniversary! This again gives us great joy and happiness to share with you the greatest achievements of the Bank. We, once again, thank you for... read more

BRD Supports Dairy Sector

BRD Supports Dairy Sector Empowering farmers, pooling efforts and resources The dairy sector in Rwanda has registered steady growth but remains less competitive in local and export markets. Growth in this sector is crucial if is to contribute to... read more

Ceremony: BHR handover to BRD

Fomer BHR MD, Mr. Ntaganda Gervais and BRD CEO, Mr. Jack N. Kayonga Message from Hon. John Rwangombwa Minister of Finance Invited Guests, Ladies and Gentlemen, I am pleased to preside over this function to officially handover the BHR to the... read more

Memorial Day and an all-night vigil at BRD.

On Wednesday 13 April 2011, the Rwanda Development Bank remembered its staff and clients who died in the 1994 Genocide against Tutsi. As BRD was in process of acquiring BHR, former Caisse Hypothècaire, this was also an opportunity to honor the BHR... read more

BRD for food security and poverty alleviation

KINAZI CASSAVA FLOUR PROCESSING PLANT Food security, nutritional security and poverty reduction strategies are some of the basic units entrenched in a macro-economic strategy to improve the standards of living among Rwandans. It is upon that basis... read more

BAS Ltd and BDF Ltd companies were merged to form a new company called BDF Ltd.

PUBLIC NOTICE The Rwanda Development Bank (BRD SA) would like to inform the general public that the 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... read more

BRD moves to boost dairy sector

In an effort to bridge the capacity gap in the dairy industry, Rwanda Development Bank (BRD), in partnership with East African Dairy Development, trained a team of 42 professionals in milk collection centres across the country. The move is expected... read more