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ABOUT US

BANK OF AFRICA - RWANDA is a bank of reference in Rwanda, experienced and backed by a growing Pan-African Group. We listen and offer expertise and tailored solutions to our diversified client base.

DISCOVER BANK OF AFRICA - RWANDA

BANK OF AFRICA – RWANDA is a private commercial bank that operates in Rwanda serving businesses/entities and individuals.

BANK OF AFRICA began operations in Rwanda in October 2015 after the acquisition of AGASEKE BANK which had been operating in Rwanda since November 2003.

The major shareholders of the bank include :

  • BANK OF AFRICA Group and ,
  • a private local shareholder,

BANK OF AFRICA – RWANDA is part of BANK OF AFRICA Group which opened in 1982 with its head office in Bamako, Mali but now in Dakar, Senegal.

As at 31st December 2025 it had a total balance sheet of RWF 200.068 billion, total customer deposits of RWF 134.368 billion with 200 effective employees.

In Rwanda, the bank now has 15 branches, including 8 branches in Kigali and 6 branches up country. (Muhanga, Huye, Musanze, Rubavu, Rusizi and Kayonza) and 1 outlet in Kigali.

Serge Atikossie

Mr. Serge ATIKOSSIE, Managing Director of BANK OF AFRICA – RWANDA

The Bank of Africa Group

DG BOA Groupe

Historical leadership, pan-African success, international expansion

 

BANK OF AFRICA Group (BOA Group) is currently present in 20 countries: 8 in West Africa (Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger, Togo and Senegal), 8 in East Africa and the Indian Ocean region (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Uganda, Rwanda, Tanzania), 3 in central Africa (Congo, DR of Congo and Gabon) and France. The BOA Group network of 19 commercial banks, 1 global holding company, 2 regional holding companies, 1 investment company, 2 technical support subsidiaries, 2 processing and IT support companies, and 1 representative office in Addis Ababa.

Since 2010, BANK OF AFRICA Group has been majority-owned by BMCE Bank (whose name recently changed to BANK OF AFRICA), the 3rd largest bank in Morocco. BMCE Bank brings strong strategic and operational support to BANK OF AFRICA Group, as well as direct access to international markets in view of its presence in Europe and Asia.

Established over 40 years ago in Mali, BOA Group currently has a total of about 7.000 employees. In the year ended 31 December 2025, the Group recorded a consolidated balance sheet of EUR 12.295 billion and consolidated net income of EUR 860 million.

 

 

On the left, Mr. Amine Bouabid, the Chief Executive Officer of BANK OF AFRICA Group

Governance

BANK OF AFRICA – RWANDA Board of Directors is composed of :

  • Betty SAYINZOGA, Chairperson
  • Marc RUGENERA
  • Omar BALAFREJ
  • Othmane ALAOUI 
  • Vincent GATETE
boa nous connaitre

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News

32nd Commemoration of the Genocide against the Tutsi in 1994

As we mark the 32nd commemoration of the 1994 Genocide against the Tutsi, BANK OF AFRICA – RWANDA joins the nation in honoring the memory of the innocent lives lost and standing in solidarity with the survivors.

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News

BANK OF AFRICA-RWANDA inaugurates its new head office IN KIGALI : A NEW CHAPTER BEGINS

BANK OF AFRICA Group proudly marked a major milestone in Rwanda with the inauguration of its new Head Office in Kigali — celebrating at the same time the Bank’s 10th anniversary and opening a new chapter of growth and ambition.

 

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