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 being built in the 1920s by the Belgian colonial government as a home for civil servants and Swahili traders. This latter group were mostly members of the Islamic faith, which led to Nyamirambo being known as the "Muslim Quarter". Nyamirambo's Green Mosque ("Masjid al-Fatah") is the oldest mosque in Kigali, dating back to the 1930s. Travel publisher Rough Guides has described Nyamirambo as "Kigali's coolest neighbourhood", citing its multi-cultural status and an active nightlife, which is not found in much of the rest of the city. North of Nyamirambo, and west of the CBD is Nyabugogo. Situated at the lowest