Kampeta for BRD top office

By IGIHE
On 19 December 2019 at 11:40

Kampeta Sayinzoga, former Director-General of National Industrial Research and Development Agency (NIRDA) has been nominated for Development Bank of Rwanda (BRD) Chief Executive Officer.

However, Me Athanase Rutabingwa, Chairman of the Board of Directors at BRD says that even though she has been nominated, the proposal has not yet been implemented.

Usually, the procedure dictates that BRD CEO is nominated by the Board of Directors or stakeholders.

If the decision is approved, Kampeta will replace Eric Rutabana who has served as BRD CEO since December 2017.

BRD began its operations in 1967, as a long-term financial services provider, with the financing geared towards national development projects. As of April 2011, the total asset valuation of the bank was approximately US$122 million (RWF:72 billion), with shareholders’ equity of approximately US$42.3 million (RWF:25 billion).

Besides the Government of Rwanda, different institutions in Rwanda own shares in the Bank including Rwanda Social Security Board, National Agricultural Export Development Board (NAEB) and private institutions. There are also foreign institutions including the Belgian Government.

If the decision is approved, Kampeta will replace Eric Rutabana who has served as BRD CEO since December 2017

Advertisement

YOUR OPINION ABOUT THIS ARTICLE

RULES AND REGULATIONS
Kwamamaza