CBA Bank seeks to boost financial inclusion in Rwanda
Rwanda, March 21 – Commercial Bank of Africa, popularly known as CBA Bank is ready to kick off its operations in East Africa’s new territories, Rwanda. The financial institution has added the tally to its influence to five countries, and will be hoping to spread its presence in the African continent.
Its opening in Rwanda poses a threat to KCB branch which has enjoyed a smooth journey in Rwanda. However, there is more to be achieved should the banks remain relevant in the coming years. CBA Bank has been a huge admirer of the growing economy of Rwanda and is delighted to seize an opportunity to venture into the market.
One of its goals in the greener pastures is to offer financial inclusion. This has been a great challenge to a number of commercial banks that has left the government stranded on what to do. It has been a defining factor for the poverty level in different countries with businesses not able to access the variety of services offered by the institutions.
It is yet to be seen how CBA Rwanda will tackle the issue, keeping in mind the subdued market by different banks already. The environment for investment has been characterized to be conducive and could propel the delegations of the bank. It is one of the many reasons the bank wanted to be part of Rwanda’s rapidly growing economy.
They seek to empower businesses with their variety of services and products, quite competitive in the banking sector. Customers and businesses that access their services stand a chance to support the economy of their state greatly and expand the banking sector. With the banking already imbibing the technological aspect, service delivery will be effective.
The bank will have at least three branches in Rwanda, with Kigali being their pioneering city.