Access to reliable and affordable energy remains a considerable challenge in Rwanda. For Rwanda’s private sector to be competitive, the energy issue must be addressed as it is a crosscutting driver of economic growth. In order to fuel its growth, Rwanda’s target is to substantially increase its energy supply from its current level to 563 [...]
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 loans, housing loans, mortgage re-financing [...]
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 Rwanda. The new company remained [...]
On behalf of the Board and Management of the Rwanda Development Bank (BRD), welcome and thank you for your contribution towards our journey so far. Esteemed stakeholders, 2015 was a challenging but exciting year BRD. The bank has repositioned and reorganized to appropriately align itself with Rwanda’s development agenda. The bank finalized the protracted process [...]
Getting an affordable house outside Kigali will soon be realizable after the Development Bank of Rwanda (BRD) partnered with Pearl Estates, a real estate company to put up housing units in Musanze district - one of the six secondary cities in Rwanda. With the first 14 units already complete in Musanze district in the Northern [...]
Increasing the external connectivity of Rwanda’s economy and boosting exports is a key priority of EDPRS 2 and a powerful tool to spur economic growth, raise living standards and reduce poverty. The specific course of actions recommended for consideration to address the export finance gap is the establishment of an Export Growth Facility (EGF) between [...]
There has been much anxiety as to how Rwanda’s leading development finance institution, Development Bank of Rwanda (BRD) would fare in managing student loans and bursaries. BRD took over the functions of the management of student loans and bursaries based on the provisions of law No. 44/2015 of 14th September, 2015 governing student loans and bursaries and the [...]
Rwanda currently faces an uphill task to grow its exports and reverse the widening trade deficit, which if not checked is likely to hamper government from achieving the set 28 per cent export growth target in EDPRS2 by 2018. Data released by the National Institute of Statistics of Rwanda (NISR) in the third quarter of [...]
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 [...]
