http://www.inyenyerinews.org/afrika/9205/ By Bosco Mutarambirwa, MBA Rwanda: BRD Is Up For Sale Paul Kagame needs cash, and he needs it now. Desperately. Now he's selling Rwanda Development Bank (BRD), whose CEO Turatsinze he had to assassinate awhile ago in Mozambique. Yet, Kagame's stated reason to raise capital for the bank is the very corruption culture that the late CEO was trying to eradicated before he was forced out. For more details on the sale of BRD, see http://www.busiweek.com/index1.php?Ctp=2&pI=816&pLv=3&srI=51&spI=26&cI=10 . Who is going to invest in such a bank with chronic problems? Plus, what country privatizes its development bank anyway? There are founded fears that the bank is under-capitalized and that its current capital requirements do not adequately take provisions for potential loan losses into consideration. Kagame, the gambler: Since BRD is obviously a tough sale, Kagame is lik...
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