By MOSES K. GAHIGI More by this AuthorRwandan subsidiaries of Kenyan banks KCB and Equity are seeking to have Kigali Business Centre placed under receivership for defaulting on a $16 million loan owed to the two lenders. BPR Rwanda – a subsidiary of KCB after the merger of KCB Rwanda and BPR – and Equity Bank Rwanda have requested the Registrar General at Rwanda Development Board (RDB) to put the shopping complex in Kigali under statutory management to protect their interests. Kigali Business Centre (KBC) is one of the newest prime shopping complexes to be added to the Kigali skyline. It is located at an affluent city intersection with other premium amenities like Kigali Heights, Kigali Convention Centre (KCC) and Radisson Blu hotel. The shopping complex hosts furniture and clothing shops, entertainment spots, and BPR and Equity bank branches.

Source: Daily Nation July 22, 2022 02:56 UTC