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INVESTMENT OPPORTUNITIES
INFRASTRUCTURE
AGRICULTURE
ENERGY
MANUFACTURING
TOURISM
ICT
REAL ESTATE
FINANCIAL SERVICES
MINING
OVERVIEW
  • Rwf 1,943.32 Billion in total assets as of March 2013.
  • 72% of Rwandan adults are financially included, with 42% of the Rwandan population in the formal financial system (23% served by commercial banks and 33% served by non-bank formal institutions), and 58% use informal financial mechanisms (Source: BNR and FinScope, 2012).
  • The banking return on average equity 12.2% as of March 2013.
  • An operational Capital Markets Authority (CMA) to undertake public education and awareness and scale up financial literacy among Rwandans.
  • Sector Profitability: Rwf 13.4 Billion as of June 2012.
  • High Interest rates but in line with the region.
Key players
  • The banking sector is comprised of 9 commercial banks, 3 microfinance banks, 1 development bank and 1 cooperative bank
  • The microfinance sector is comprised of 490 Institutions of which 11 are limited companies and 479 SACCOs (including 416 UMURENGE SACCOs).
  • There are 12 insurance companies (7 non-life insurers, 3 life insurers and 2 public insurers).
  • 1 public pension fund, the Rwanda Social Security Board and around 40 private pension schemes.
  • 105 operational forex Bureaus
  • And 1 stock exchange.

The 3 largest local banks are:

  • Banque de Kigali with a market share of 31% of total banking assets and ˜ 50 % share of the total commercial bank profitability (BK 2011).
  • Banque Populaire du Rwanda (BPR): 65% cooperative members, 35% Rabobank.
  • Banque Commercial du Rwanda (BCR): 80% I&M from Kenya, 20% GoR.

Ecobank, Access Bank, Equity bank and Kenya Commercial Bank are among the large regional banks with a presence in Rwanda, but no international bank yet.

Investment Opportunities in FINANCIAL SERVICES
  • Commercial bank products and services particularly in rural areas.
  • Competitive loan facilities.
  • Agricultural products/services financing.
  • Development   banks  especially   to  finance SMEs.
  • Microfinance opportunities.
  • Mortgage financing.
  • Investment banking services.
  • Training of financial sector professionals.
  • Insurance services especially re-insurance.
  • Equity and bonds   purchases   at   Rwanda’s capital market.
  • Provision of    technical   ancillary  services in  areas  like brokerage and actuarial loss assessment.
  • Provision of life policies and other innovative assurances  like agriculture and medical schemes, etc.
  • Housing banks.
  • Fund  management  including  private  equity, fund of funds, wealth management, etc.
  • Institutional  and  human  capacity  building  in capital and financial markets.
  • Business process outsourcing (BPO) including back office operations, data processing, payment processing, e-procurement for financial services.

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