Rwanda any further movement between the classes. Belgium continued to rule Ruanda-Urundi (of which Rwanda formed the northern part) as a UN Trust Territory after the Second World War, with a mandate to oversee eventual independence. Tensions escalated between the Tutsi, who favoured early independence, and the Hutu emancipation movement, culminating in the 1959 Rwandan Revolution: Hutu activists began killing Tutsi and destroying their houses, forcing more than 100,000 people to seek refuge in neighbouring countries. In 1961, the suddenly pro-Hutu Belgians held a referendum in which the country voted to abolish the monarchy. Rwanda was separated from Burundi and gained
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