AfDB signs USD 12 million line of credit with Bank of Kigali

Supported by the AfDB’s combination of financial credit and technical assistance, the Bank of Kigali is expected to expand its corporate and small and medium enterprise client base from the current 4,802 to 26,000 by 2017. It also aims to increase micro- small- and medium-enterprise share to 77 percent

http://www.afdb.org/en/news-and...ith-bank-of-kigali-8570/

“The National Bank of Rwanda (BNR) has licensed 355 of the 416 savings and credit co-operatives (Saccos) operating across the country to offer loans in addition to collecting deposits.”

http://www.theeastafrica...8/-/p5byqp/-/index.html

In their context will enhance financial deepening and a instill saving culture; but off course with need for stringent regulation and controls -deposit taking sacco’s can swindle the public and/or turn into mega Ponzi schemes.

In the past, pyramid schemes have operated on this premise (as deposit taking institutions.). This can therefore present a perfect opportunity for unscrupulous individuals to exploit the gullible public.

Excellent

Price is not moving up at all for this share.

Britank was a truly pitiable choice.

Banque de Kigali fundamentals are strong and they are getting stronger everyday. The country is growing at a good rate and economic hurdles experienced by regional countries have not hit it.

I expect good takings from this stock next year. What we have seen of late is a market that is on xmas mood (check the volumes)