PROJECT

Projects

Summary of Investment Information

Project Number

46350

Company Name

BANK OF KIGALI PLC

Date SPI Disclosed

Feb 8, 2023

Country

Rwanda

Region

Africa

Projected Board Date

Nov 17, 2022

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Nov 23, 2021

Sector

Commercial Banking - Trade

Project Description

The proposed project consists of a trade finance facility of up to US$20 million for Bank of Kigali Plc (“BK” or the “Bank”) with a maturity of up to 1 year. The investment falls under the IFC/MIGA Global Trade Finance Program (“GTFP”) initiative for which MIGA provides 99% counter-guarantee for IFC. The investment will support BK’s international trade business and enhance acceptability of Letter of Credits, Guarantees and other trade instruments issued by BK in favor of its Correspondent Banks (CB).

Associated Advisory Engagement

The investment is not currently associated with any advisory services.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation