Bank of Kigali ordinary share capital. In 1967, the Bank commenced its operations with its first branch in Kigali. Belgolaise was a subsidiary of Fortis Bank (now defunct), operating in Sub-Saharan Africa but in 2005 began to withdraw from its operations in Africa in line with Fortis’ strategy. In 2007 the Government of Rwanda acquired the Belgolaise shareholding in Bank of Kigali, thereby increasing its direct and indirect shareholding in the Bank to 100% of the entire Issued Shares. In 2011, the Bank changed its name under the new law relating to companies from Bank of Kigali S.A to Bank of Kigali Limited.
Kigali new independent nation, but Kigali was chosen because of its more central location. The city grew slowly during the following decades, but retained a small-town feel, with just 25,000 people and five paved roads by the early 1970s. On 6 July 1973 there was a bloodless military coup, in which minister of defence Juvénal Habyarimana overthrew ruling president Gregoire Kayibanda. Businesses closed for a few days, and troops patrolled across the city, but life had returned to normal and the army had left the streets by 11 July. In April 1994 President Habyarimana was assassinated, when his plane was shot