Bank of Kigali million), with shareholders' equity of RWF:122.8 billion (US$143.7 million). On 29 September 2017, Global Credit Ratings affirmed Bank of Kigali Limited’s long-term and short-term national scale ratings of AA-(RW) and A1+(RW) respectively; with a stable outlook. The bank has won several back to back international and regional "Best Bank in Rwanda" awards, including from EuroMoney, The Banker, Global Finance Magazine, and EMEA Finance. The Bank was incorporated in the Republic of Rwanda on 22 December 1966. Initially Bank of Kigali was founded as a joint venture between the Government of Rwanda and Belgolaise, with each owning 50 percent of the
Kigali act as a water store and flood protection for the city, although these are under threat from agriculture and development. The central business district (CBD) (known in Kinyarwanda as "mu mujyi") of Kigali lies on Nyarugenge Hill, and was the site of the original city founded by Richard Kandt in 1907. The house that Kandt lived in is now a museum. Geographically, the CBD lies towards the western edge of the built-up area, as the terrain to the east was more suitable for development of the expanding city than the high slopes of Mount Kigali to the west. Several of