(Ecofin Agency) – One month following the merger of its banking subsidiaries in Rwanda, namely: Banque Populaire du Rwanda and KCB Bank Rwanda, the Kenyan financial holding company KCB Group plans to strengthen its investments in this country.
Speaking on Wednesday May 4, during the inauguration of the new banking entity, BPR Bank Rwanda, resulting from the merger of its activities in Rwanda, Joshua Oigara (photo), Managing Director of KCB Group, indicated that the Bank will increase its financing in key economic sectors in Rwanda such as housing, agriculture and hospitality. No amount has been announced for each of these sectors.
According to the Kenyan website businessdailyafrica.com which reports the information, KCB Group intends to rely on its new subsidiary in Rwanda to strengthen its activity and continue its expansion in East Africa. The group is interested in the Democratic Republic of Congo (DRC) as the next country of expansion in the region.