Kigali, July 31, 2025 — In a bold step toward enhancing support for private sector growth, the Government of Rwanda has announced the integration of the Business Development Fund (BDF) into the Development Bank of Rwanda (BRD). The move marks a significant shift in the country’s approach to development finance.

According to the Ministry of Finance and Economic Planning, the merger is aimed at creating a more agile and impactful institution—capable of delivering streamlined financial services and accelerating access to capital for entrepreneurs, especially Micro, Small, and Medium Enterprises (MSMEs).

“This reform underscores the government’s dedication to operational efficiency, institutional synergy, and faster economic transformation,” the Ministry stated.

What Businesses Can Expect

The unified institution is expected to unlock greater opportunities for Rwanda’s business community. Entrepreneurs will benefit from quicker access to credit guarantees through partner banks and microfinance institutions, more customized financing for both startups and larger enterprises, and broader reach into rural and urban areas via digital platforms and physical branches.

This restructuring aligns with Rwanda’s broader economic agenda under the National Strategy for Transformation (NST1) and Vision 2050. So far, BDF has supported over 40,000 businesses, while BRD has played a crucial role in funding sectors such as agriculture, manufacturing, and infrastructure.

Strengthening Development Finance

The integration aims to establish BRD as Rwanda’s leading development finance institution—better equipped to support inclusive growth and foster a vibrant private sector.

Officials emphasized that the transition will be carefully managed to ensure continuity for current clients of both BDF and BRD, while also expanding opportunities for future beneficiaries.

The Government sees the reform as a strategic milestone toward building a more competitive financial landscape—one that empowers Rwandan businesses to thrive and contribute to national development.