Politics of Rwanda Politics of Rwanda Rwanda gained its independence on July 1, 1962. Politics of Rwanda reflects Belgian and German civil law systems and customary law takes place in a framework of a presidential republic, whereby the President of Rwanda is both head of state and head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and the two chambers of parliament, the Senate and the Chamber of Deputies. On 5 May 1995, the Transitional National Assembly adopted a new constitution which included elements of the constitution of 18
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