{"id":51627,"date":"2024-10-11T17:17:22","date_gmt":"2024-10-11T17:17:22","guid":{"rendered":"https:\/\/new.igihe.com\/bk-and-kivu-choice-seal-frw-5-billion-deal-to-boost-rwanda-s-aquaculture\/"},"modified":"2026-02-24T18:36:23","modified_gmt":"2026-02-24T16:36:23","slug":"bk-and-kivu-choice-seal-frw-5-billion-deal-to-boost-rwanda-s-aquaculture","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/bk-and-kivu-choice-seal-frw-5-billion-deal-to-boost-rwanda-s-aquaculture\/","title":{"rendered":"BK and Kivu Choice seal Frw 5 billion deal to boost Rwanda\u2019s aquaculture"},"content":{"rendered":"

Agriculture remains the backbone of Rwanda’s economy, and the Bank of Kigali is playing a crucial role in supporting its modernization. By providing financing solutions to innovative enterprises like Kivu Choice, BK is helping to enhance food production and affordability. <\/p>\n

The aquaculture sector, in particular, holds immense potential to provide sustainable, nutritious foods to Rwandans while creating jobs and supporting rural livelihoods. This partnership will enable Kivu Choice to expand its production capacity and make nutritious fish products more accessible to communities across the country.<\/p>\n

Speaking at the signing ceremony, Dr. Diane Karusisi, CEO of the Bank of Kigali described the partnership as a transformative step for Rwanda\u2019s agricultural sector. <\/p>\n

“By supporting innovative businesses in aquaculture, we are helping to ensure affordable, sustainable nutritious foods for our people while also driving rural development. At Bank of Kigali, we believe that investing in agriculture is not just about growing food\u2014it\u2019s about fostering inclusive economic growth and building resilience in the communities that depend on it,\u201d she stated.<\/p>\n

Kamran Ahmad, Founder and CEO of Kivu Choice, emphasized the importance of the partnership for their mission.<\/p>\n

\u201cOur partnership with BK will allow us to significantly expand our equipment and infrastructure capacity so that we can continue to scale at pace to serve more of the market. We\u2019re grateful for the opportunity to work closely together to tackle food and nutrition security; this investment takes us one step closer to making our products accessible and affordable across the entire country,\u201d he noted. <\/p>\n

In addition to expanding production capacity for Kivu Choice, this partnership also aims at financing the whole value chain to ensure the wider aquaculture industry benefits from it. <\/p>\n

With 350 employees growing to 1,200 in 3 years, over 200 suppliers, and 3000 traders, this partnership will also target supplier and trader financing.<\/p>\n

As part of its strategic focus on agricultural financing, Bank of Kigali continues to develop tailored financial solutions that support the sector\u2019s modernization and resilience. From providing accessible financing to agribusinesses to offering customized financial products for farmers, BK ensures that the agriculture industry receives the necessary support to thrive.<\/p>\n

{{About Bank of Kigali Plc}}<\/p>\n

Established in 1966, Bank of Kigali is Rwanda\u2019s largest financial institution. As a leading commercial bank, it provides a wide range of services, including digital banking, to over 500,000 customers through an extensive branch network and digital platforms. BK is committed to fostering innovation and economic growth through targeted financial solutions for individuals, SMEs, and corporations.<\/p>\n

{{About Kivu Choice Ltd}}<\/p>\n

Kivu Choice is a vertically integrated Aquaculture company based in Rwanda with associated feed mill, hatchery, cage production, distribution, and sales outlets. Founded in 2021, and now producing over 500 thousand fish meals a month, the company is positioning itself as Africa\u2019s fastest growing fish farm, with a mission to democratize access to animal protein by radically increasing affordability and supply across the region.<\/p>\n

\"Kamran<\/figure>\n
\"Representatives<\/figure>\n
\"The<\/figure>\n
\"Dr.<\/figure>\n
\"Kamran<\/figure>\n
\"Kamran<\/figure>\n","protected":false},"excerpt":{"rendered":"

Bank of Kigali (BK) has reaffirmed its commitment to driving Rwanda\u2019s agricultural growth by partnering with Kivu Choice Ltd., a fast-growing aquaculture company that is transforming Rwanda\u2019s fish farming industry. This collaboration, worth Frw 5 billion with the first phase being Frw 1 billion, is part of BK\u2019s broader initiative to strengthen agricultural financing and contribute to the national goal of achieving food security.<\/p>\n","protected":false},"author":3,"featured_media":2000075788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-51627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","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":{"id":2000075788,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/photo_17.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/photo_17.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/photo_17.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/photo_17.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/photo_17.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/photo_17.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51627","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=51627"}],"version-history":[{"count":1,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51627\/revisions"}],"predecessor-version":[{"id":2000103208,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51627\/revisions\/2000103208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000075788"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=51627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=51627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=51627"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=51627"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=51627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}