Banque de Kigali - Bank of Kigali

Banque Rwandaise de Developpement (BRD)

Rwanda Development Bank



Picture Text:

Banque Rwandaise de Developpement
Societe anonyme au capital social de 1.484.387.000 creee par la loi 5 April 1967


Leveraging Growth
The main objectives of the bank include:
- Provide development finance for priority economic sectors
- Provide equity investments to stimulate the growth of new firms able to participate in Rwanda's economic developement
- Promote exports to reverse the trade deficit and increase Rwanda's stability to invest in its development
- Refinance microfinance institutions and professional associations
- Facilitate technical assistance to financed companies, microfinance associations and other stakeholders to enhance sustainability

BRINGING VISION 2020 TO REALITY
-- HURRY TO APPROACH US --

Siege social Kigali (Rwanda) 54, Boulevard de la Revolution, 1341 Kigali

Image is at Annuaires Afrique (link)

Hotel des Mille Collines

Rwanda is known as the land of a thousand hills, or mille collines.

The Hôtel des Mille Collines is a large hotel in Kigali, the capital city of Rwanda. The four star hotel has 112 rooms, a bar/café, three conference rooms, a restaurant, and a swimming pool. The story of the hotel and its manager, Paul Rusesabagina, during the 1994 War, was used as the basis of the movie Hotel Rwanda. The hotel appeared as itself in the 2005 HBO film Sometimes in April.

The Belgian airline Sabena owned the hotel at the time of the war. On September 15th, 2005, the Hôtel des Mille Collines was handed over from Sabena Hotels Belgium to Mikcor Hotels Holding Rwanda. Miko Rwayitare, the Managing Director of the MIKCOR group, said during the handover that the group now owns 89% of the Hotel with 8.5 per cent and 2.5 per cent owned by Rwanda Development Bank (BRD) and the government of Rwanda, respectively. Rwayitare is also the Executive Chairman of Telecel International, a communications company.



Advertisement is at Annuaires Afrique. More hotel advertisements:

Central Bank of Rwanda

History of the Rwandan franc

The franc became the currency of Rwanda in 1916, when Belgium occupied the previously German colony and the Belgian Congo franc replaced the German East African rupie. Rwanda used the currency of Belgian Congo until 1960, when the Rwanda and Burundi franc was introduced. Rwanda began issuing its own francs in 1964.

There are plans to introduce a common currency, a new East African shilling, for the five member states of the East African Community by the end of 2009.

Coins
In 1964, coins were introduced for 1, 5 and 10 francs, with the 1 and 10 francs in cupronickel and the 5 francs in bronze. In 1969, aluminium 1 franc coins were introduced, followed in 1970 by ½ and 2 francs also in aluminium. A reduced sized copper -nickel 10 franc coin was issued in 1974. Brass 20 and 50 francs were introduced in 1977. New coins were issued in 2004 (dated 2003) for

1 franc - 98% Aluminium, 2% Magnesium
5 francs - Bronze
10 francs - Bronze
20 francs - Nickel-plated steel
50 francs - Nickel-plated steel


Banknotes
In 1964, notes of the Rwanda and Burundi Bank of Emission were overstamped for use in Rwanda alone. Denominations were 20, 50, 100, 500 and 1000 francs. These were followed by regular issues for the same amounts. 20 and 50 francs notes were replaced by coins in 1977, with 5000 francs notes introduced in 1978. A 2000 franc note will be introduced in June 2007.


Historical exchange rates

Rwandan francs per US dollar:

262.20 (1995)
393.44 (2000)
574.62 (2004)
542.22 (Sep 2005)

Government of Rwanda

Politics of Rwanda takes place in a framework of a presidential republic, whereby the President of Rwanda is both head of state and head of government, and of a pluriform multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and the two chambers of parliament, the Senate and the Chamber of Deputies.

The President is Paul Kagame and the Prime Minister is Bernard Makuza.

Political parties include:

Rwandan Patriotic Front (Front patriotique rwandais)
Democratic Republican Movement (Mouvement démocratique républicain)
Christian Democratic Party (Parti démocratique chrêtien)
Islamic Democratic Party (Parti démocratique islamique)
Rwandan Socialist Party (Parti socialiste rwandais)
Democratic Union of the Rwandan People (Union démocratique du People rwandais)
Social Democratic Party (Parti social démocrate)
Liberal Party (Parti libéral)
Party for Progress and Concord (Parti pour le Progrès et la Concorde)

Map of Rwanda

Rwanda


Rwanda road map


Burundi