The City of Kigali (CoK) and the Rwandan Capital Market Authority (CMA) are studying moves to spearhead a financial scheme to enable residents in unplanned settlements within the city to move into a decent modern housing.
Fitch Ratings has affirmed Rwanda's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B+' with a Stable Outlook. The issue ratings on Rwanda's senior unsecured foreign- and local-currency bonds have also been affirmed at 'B+'. The Country Ceiling has been affirmed at 'B+' and the Short-term foreign currency IDR at 'B'.
Atlas Mara Limited announced that it is in exclusive discussions to invest approximately $22.5 million in Banque Populaire du Rwanda (BPR), which, if successfully concluded, will result in Atlas Mara owning 45% of BPR.Following this transaction, Atlas Mara intends to merge BPR with BRD Commercial Bank Ltd. (BRD Commercial), the Rwandan bank Atlas Mara acquired in 2014.
Rwanda's central bank maintained its key repurchase rate at 6.5 percent, saying it would maintain its current accommodative monetary policy stance "with the objective of continuing to support the financing of the economy by the banking sector, as long as inflationary pressures remain subdued."
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