Rwanda: BRD Is Up For Sale

By Bosco Mutarambirwa, MBA Rwanda: BRD Is Up For SalePaul Kagame needs cash, and he needs it now. Desperately. Now he’s selling Rwanda Development Bank (BRD), whose CEO Turatsinze he had to assassinate awhile ago in Mozambique. Yet, Kagame’s stated reason to raise capital for the bank is the very corruption culture that the late CEO was trying to eradicated before he was forced out. For more details on the sale of BRD, see http://www.busiweek.com/index1.php?Ctp=2&pI=816&pLv=3&srI=51&spI=26&cI=10. Who is going to invest in such a bank with chronic problems? Plus, what country privatizes…

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