{"id":36070,"date":"2017-10-16T09:19:21","date_gmt":"2017-10-16T09:19:21","guid":{"rendered":"https:\/\/new.igihe.com\/central-bank-advises-on-auction-processes\/"},"modified":"2017-10-16T09:11:11","modified_gmt":"2017-10-16T09:11:11","slug":"central-bank-advises-on-auction-processes","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/central-bank-advises-on-auction-processes\/","title":{"rendered":"Central Bank advises on auction processes"},"content":{"rendered":"<p>The statement was made on Friday during a meeting between Rwanda Development Board (RDB) and players in the tourism industry from the private sector and other government institutions working closely with the sector.<\/p>\n<p>Tourism sector investors claimed that they are charged high interest rates on loans as well as inaccessibility to long-term loans, charged undocumented fees on loans and become worse when they fail to repay in the due period, getting their properties auctioned.<\/p>\n<p>In reacting to investors\u2019 concern, the vice-governor of BNR, Dr. Monique Nsanzabaganwa said it is improper for auctions of mortgaged properties to be carried out in a process that is not transparent which breeds impropriety. <\/p>\n<p>\u201cThere are times when there are injustices and corruption in the auctioning process; sometimes when you pay much attention on how it all went you get confused. This is a big issue that needs to be addressed by all concerned institutions,\u201d she said.<\/p>\n<p>She said that it is wrong for bank employees to decide on how the auction should be conducted where they get some kick-backs; she cautioned that it is a problem that should be taken care of if they want to rebuild the image of the sector.<\/p>\n<p>The Chief Executive Officer at RDB, Clare Akamanzi said that they are going to form a joint committee by RDB, Ministry of Finance, BNR and Private Sector Federation (PSF) that will monitor banks\u2019 loan recovery process.<\/p>\n<p> \u201cOur government promotes investment, tourism and private sector; I think that when we propose tangible ideas, the government will embrace them,\u201d she said.<\/p>\n<figure class=\"spip-document spip-document-22161 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/nsanzabaganwa_l_and_rwanda_revenue_authority_commissioner_genera_richard_tusabe.jpg\" alt=\"Nsanzabaganwa (L) and Rwanda Revenue Authority Commissioner General, Richard Tusabe\" \/><\/figure>\n<figure class=\"spip-document spip-document-22162 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/different_investors_in_the_meeting.jpg\" alt=\"Participants in the meeting\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Rwanda (BNR) has called for transparency in the process of auctioning mortgaged items whose owners are unable to service their bank loans.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[69],"byline":[170],"hashtag":[],"class_list":["post-36070","post","type-post","status-publish","format-standard","hentry","category-news","tag-homehighlights","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/36070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=36070"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/36070\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=36070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=36070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=36070"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=36070"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=36070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}