Rwanda plans to privatise development bank - ministry

KIGALI, April 5 Sat Apr 5, 2014 5:44am EDT

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KIGALI, April 5 (Reuters) - Rwanda's government plans to privatise the Development Bank of Rwanda in a bid to reform its operation, the Finance Ministry said in a brief statement.

More details of the privatisation would be released on Sunday at a news briefing, it added.

"The Government of Rwanda plans to privatisee the Development Bank of Rwanda (BRD) in a move to reform its operation and ensure that the bank effectively serves its mandate," the ministry statement said.

(Writing by Edmund Blair; Editing by Andrew Heavens)

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