Kigali capital of the kingdom was at Nyanza, in the south of the country. The city of Kigali was founded in 1907 by German administrator and explorer Richard Kandt. Rwanda and neighbouring Burundi had been assigned to Germany by the Berlin Conference of 1884, and Germany established a presence in the country in 1897 with the formation of an alliance with the king, Yuhi V Musinga. Kandt arrived in 1899, exploring Lake Kivu and searching for the source of the Nile. When Germany decided in 1907 to separate the administration of Rwanda from that of Burundi, Kandt was appointed as the
Bank of Kigali shareholders' approved plans to cross-list the stock of the bank on the Nairobi Stock Exchange (NSE), the largest in the East African Community. The cross-listing and the planned rights issue, both planned during the second half of 2018, are expected to raise US$70 million, to be deployed on the acquisition of new, improved ICT systems ($20 million), with the rest deployed in loans to support infrastructure projects at home. In October 2018, the EastAfrican, a regional English language newspaper reported that the stock of Bank of Kigali was expected to list on the Nairobi stock exchange on 30 November 2018.