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 act as a water store and flood protection for the city, although these are under threat from agriculture and development. The central business district (CBD) (known in Kinyarwanda as "mu mujyi") of Kigali lies on Nyarugenge Hill, and was the site of the original city founded by Richard Kandt in 1907. The house that Kandt lived in is now a museum. Geographically, the CBD lies towards the western edge of the built-up area, as the terrain to the east was more suitable for development of the expanding city than the high slopes of Mount Kigali to the west. Several of