History of Rwanda September 1961, a referendum was held to establish whether Rwanda should become a republic or remain a kingdom. Citizens voted overwhelmingly for a republic. After parliamentary elections held on the same day, the first Rwandese Republic was declared, with Kayibanda as prime minister. Dominique Mbonyumutwa was named the first president of the transitional government. Between 1961 and 1962, Tutsi guerrilla groups staged attacks into Rwanda from neighboring countries. Rwandan Hutu-based troops responded, and thousands more were killed in the clashes. On 1 July 1962, Belgium, with UN oversight, granted full independence to the two countries. Rwanda was created as a
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