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 down near Kigali Airport. This was the catalyst for the Rwandan genocide, in which 500,000–1,000,000 Tutsi and politically moderate Hutu were killed in well-planned attacks on the orders of the interim government. Opposition politicians based in Kigali were killed on the first day of the genocide, and the city then became the setting for fierce fighting between the army (mostly Hutu) and the Tutsi-dominated Rwandan Patriotic Front (RPF). On 8 April, Rwandan government forces attacked the RPF base in the parliament building from several directions, but RPF troops successfully fought back. The RPF then began an attack from the north