BRD, USAID to increase agriculture financing
The Development Bank of Rwanda (BRD) on Friday signed a memorandum of understanding with the Private Sector Driven Agriculture Growth project (PSDAG) of the United States Agency for International Development (USAID), to increase agriculture financing. Through the agreement, BRD has reserved about Rwf 140 billion for loans to finance agricultural mechanization, modernization, and processing technologies. An additional Rwf 180 billion [...]
BRD to scale up rural electrification
Officials from the ministry of Infrastructure (MININFRA) have announced that the renewable energy fund project is nearing completion and will enable the Rwandan government achieve its goal of universal access to energy. The programme of scaling up rural electrification is implemented by the Rwanda Development Bank (BRD). Robert Nyamvumba, the director of the Energy Division in the Ministry of Infrastructure, [...]
Development Bank of Rwanda investing in the energy sector
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 a crosscutting driver for economic growth. According to Dr. Livingstone Byamungu, the Chief Investment Officer at the Development Bank of Rwanda (BRD), “availability of sufficient energy is important for socio-economic growth and is at [...]
AFRACA conference kicks off with experts debating best practices for rural and agriculture financing
Efforts to extend more credit facilities to the rural agricultural sector have taken center stage of the African Rural and Agricultural Credit Association (AFRACA) conference organized together with the Development Bank of Rwanda (BRD) that kicked off at the Kigali Marriott Hotel on August 1, 2016. Alex Kanyankole, the Chief Executive Officer of BRD, in his keynote opening remarks noted [...]
Chairman’s statement on behalf of the BRD Board of Directors
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 to sell off its commercial [...]