In the statement released last week by the bank, CBA says that it has received the requisite regulatory approval by National Bank of Rwanda (BNR), Bank of Uganda and Central Bank of Kenya (CBK), effectively concluding the sale and purchase agreement between CBE and dfcu signed in June 2017.
The statement signed by CBA Group Managing Director, Isaac Awuondo, CBA says that their entry into Rwanda is a significant milestone in their long-term strategic aspirations to expand its existing business operations in key markets within Africa and offer innovative customers and solutions that help customers to achieve their financial goals and grow their wealth.
“In particular, this move affords CBA an opportunity to participate and support in the country’s economic growth agenda by providing the full array of CBA’s financial services to the Rwandan market, aligned with the broader CBA Group objective of being a significant financial services player in Africa,” reads the statement.
Leave a Reply