BRD to take over BDF services in financial sector merger

By The Inspirer.

The Development Bank of Rwanda (BRD) will fully assume all services previously offered by the Business Development Fund (BDF), following a government decision to consolidate development finance operations under one institution.

Effective December 31, 2025, all BDF clients will transition to BRD, which will become the single provider of credit guarantees, subsidized financing, and business support services formerly managed by BDF.

The integration aims to streamline service delivery, eliminate duplication, and improve efficiency across Rwanda’s business financing ecosystem.

Under the new arrangement, former BDF services will be accessed directly through BRD’s digital platforms. Loan applications, follow-ups, and client inquiries will now be handled exclusively by BRD, providing a single point of contact for clients.

Authorities have assured businesses that ongoing projects and existing arrangements will continue without disruption. All BDF products and facilities will remain operational under BRD’s management.

The merger is expected to strengthen alignment between financing tools and national development priorities, boosting support for key sectors such as agriculture, manufacturing, infrastructure, green finance, and export growth.

Established in 1967, BRD plays a central role in financing Rwanda’s long-term development agenda and supporting Vision 2050 and the National Strategy for Transformation.