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. [...]
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 [...]
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 [...]
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 [...]
The Development Bank of Rwanda (BRD) in partnership with Ministry of Agriculture and Animal Resources (MINAGRI) and Access to Finance Rwanda (AFR) will host an International Conference on Best Practices in Rural and Agricultural Finance organized by the African Rural and Agricultural Credit Association (AFRACA) from 1st to 3rd August 2016 at the Kigali Marriott Hotel. Speaking [...]
Development Bank of Rwanda (BRD) signed a Memorandum of Understanding with multilateral financial guarantee institution, the African Solidarity Fund (FSA) In August 2, 2013 with an aim of enhancing cooperation in the areas of common interest, particularly in terms of financing medium and long term especially for SMEs. This Framework Agreement was in line with [...]
Khartoum (Sudan), 12th June 2016 – The Development Bank of Rwanda (BRD) has entered into a US$15 million facility agreement with the Arab Bank for Economic Development in Africa (BADEA) to boost the Bank’s lending to the private sector. The signing ceremony was held on Sunday 12th June 2016 in Khartoum (Sudan) at BADEA’s headquarter. [...]
BRD awarded among the best performing DFIs in Africa Lusaka May 24, 2016 – Lusaka Development Bank of Rwanda (BRD) has been recognized among the top 10 best performing development finance institutions (DFIs) in Africa at the ongoing 42nd Ordinary General Assembly meeting of the Association of African Development Finance Institutions (AADFI) in Lusaka, Republic [...]
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 [...]
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 [...]
