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Aktif, Turkey’s largest private investment bank to enter Rwandan market

By Albert Savana, Kapital Afrik
On 14 July 2021 at 12:06

Aktif Bank, Turkey’s largest private investment bank, is preparing for the opening of a representative office in Kigali, according to an announcement made by the Turkish diplomat stationed in Rwanda.

“Aktif Bank of Turkey is opening a representative office in Kigali to cover East Africa, pending final authorization from the National Bank of Rwanda,” Burcu Cevik told Anadolu News Agency recently.

According to the ambassador, Turkey is exploring new opportunities for cooperation with Rwanda in the financial sector as the country strives to become a financial hub for Africa, with the Kigali International Financial Center (KIFC).

He added that the Council for External Economic Relations of Turkey (DEİK) and Rwanda Finance Ltd, the company that promotes KIFC, took an important step by hosting a webinar on June 2 to discuss various possibilities of cooperation.

“The favorable business environment, political stability, adherence to the rule of law and the existence of strong institutions have aroused Turkey’s interest in recent years,” said the ambassador.

Aktif Bank is an entity of Çalık Holding, founded in 1981 by Ahmet Çalık. The group is present in the fields of energy, construction, mining, textiles, finance, telecommunications and digital.


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