Kigali of what is now Rwanda were the Twa, a group of aboriginal pygmy hunter-gatherers who settled the area between 8000 and 3000 BC and remain in the country today. They were followed between 700 BC and 1500 AD by a number of Bantu groups, including the Hutu and Tutsi, who began clearing forests for agriculture. According to oral history the Kingdom of Rwanda was founded in the 14th century on the shores of Lake Muhazi, around east of modern Kigali. At that time Rwanda was a small state in a loose confederation with larger and more powerful neighbours, Bugesera and
Bank of Kigali shareholders' approved plans to cross-list the stock of the bank on the Nairobi Stock Exchange (NSE), the largest in the East African Community. The cross-listing and the planned rights issue, both planned during the second half of 2018, are expected to raise US$70 million, to be deployed on the acquisition of new, improved ICT systems ($20 million), with the rest deployed in loans to support infrastructure projects at home. In October 2018, the EastAfrican, a regional English language newspaper reported that the stock of Bank of Kigali was expected to list on the Nairobi stock exchange on 30 November 2018.