Kingdom of Rwanda and “Tutsi” were socioeconomic, not ethnic, distinctions. In fact, one could "kwihutura", or “shed Hutuness”, by accumulating wealth and rising through the social hierarchy. Kingdom of Rwanda The Kingdom of Rwanda was a pre-colonial kingdom in East Africa beginning in c. 1081, which survived with some of its autonomy intact under German and Belgian colonial rule until its monarchy was abolished in the Rwandan Revolution. After a 1961 referendum, Rwanda became a republic and received its independence in 1962. In the 15th century, one chiefdom managed to incorporate several of its close neighbor territories establishing the Kingdom of Rwanda after
Crane Bank Rwanda USh2,778 = US$1.00. Crane Bank Rwanda was a 100% subsidiary of Crane Bank, the 3rd largest commercial bank in Uganda, the largest indigenous commercial bank in the country, with approximately US$620 million in total assets at December 2014. In May 2017, CBA Rwanda, a microfinance institution, made public its intention to acquire Crane Bank Rwanda, a commercial bank, whose parent company in Uganda had been sold and the buyers of the parent did not want to keep the Rwandan subsidiary. On 15 June 2017 the CBA Group signed a definitive sale and purchase agreement with DFCU Bank, the owners of