Kigali, December 20, 2019 – The Development Bank of Rwanda (B.R.D) Plc announces that the Board of Directors has appointed Ms. Kampeta SAYINZOGA as the new Chief Executive Officer (CEO) replacing Mr. Eric RUTABANA who has served the bank since December 2017. The Board appointment of the new Chief Executive Officer is subject to the National Bank of Rwanda approval.

The in-coming CEO, Ms. Kampeta SAYINZOGA, joins the Bank having been the Director General of the National Industrial Research and Development Agency (NIRDA) under the Ministry of Trade and Industry.

“On behalf of the entire BRD Board and Stakeholders, I am pleased to welcome the new CEO, Ms. Kampeta SAYINZOGA, and offer our unreserved support in her new assignment. Kampeta is an accomplished Development Economist and understands the mandate of BRD as a Development Financial Institution. We are confident that she will successfully steer the bank to make even greater contribution to Rwanda’s socio-economic development.” said Mr. Athanase RUTABINGWA.

Ms. Kampeta comes with a wealth of experience in Rwanda’s economy. Prior to this, Kampeta was the Director of Cabinet in the Prime Minister’s Office. She also served in the Ministry of Finance and Economic Planning for a decade, where she held various senior positions including Permanent Secretary and Secretary to Treasury. Before joining the public service, Kampeta was a Professional Associate at the World Bank. She also served on boards such as PTA Bank, the East African Development Bank (EADB), Rwanda Eurobond Committee, GT Bank, and National Capacity Building Secretariat, and Rwanda Revenue Authority.
She holds a Master’s degree in Economic Development and Policy Analysis from University of Nottingham.

On behalf of the Board, Mr. Rutabingwa also extended his sincere appreciation to the out-going CEO, Mr. Eric RUTABANA, for his dedicated service, particularly leading the exercise to revise the Bank’s Strategic Plan 2018 – 2024, aligning it with the National Strategy for Transformation (NST1) and the Sustainable Development Goals (SDGs), as well as successfully ensuring the Bank’s recapitalization and turnaround. Mr. Rutabana leaves after refocussing the Bank on delivering sustainable development finance for socio-economic impact. He also records a streak of other effectively revamped initiatives like loan recovery efforts and boosting the Bank’s interventions in the 5 priority sectors.

The appointment takes immediate effect