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 part of the upper headwaters of the Nile, forms the western and southern borders of the administrative city of Kigali, although this river lies somewhat outside the built-up urban area. The largest river running through the city is the Nyabugogo River, which flows south from Lake Muhazi before flowing west between Mount Kigali and Mount Jali, and draining into the Nyabarongo. The Nyabugogo is fed by various smaller streams throughout the city, and its drainage basin contains most of Kigali's territory, other than areas in the south which outflow directly to the Nyabarongo. The rivers are flanked by wetlands, which