Bank of Africa – Rwanda announced on November 15 the appointment of Betty Sayinzoga as the new Chairperson of its Board of Directors.

Sayinzoga, who has been a board member since 2021, succeeds Emmanuel Ntaganda, who has successfully led the bank for the past five years of "distinguished service" as Chairperson, a statement reads.

Sayinzoga steps into a new role with experience in the banking industry drawing on years of in-depth knowledge and experience gained through various leadership roles.

"She has been instrumental in guiding Bank of Africa through significant growth and innovative initiatives," the statement said.

As the new Chairperson, "she will lead the board of directors in overseeing the bank&039;s strategic direction and governance, and ensuring that the bank continues to thrive and fulfil its mission," added the communique.

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In her remarks, Sayinzoga expressed optimism about the bank’s future, while strengthening a renewed focus on reaching the Small and Medium Enterprise (SME) sector, while continuing to meet the needs of individual and corporate clients.

She noted: "The foundation has been established, and Bank of Africa is now well-positioned for growth and poised to pursue an assertive market presence. I look forward to working with the management, board, and staff to make a meaningful impact on Rwanda’s financial sector.”

"This will be achieved through the service the bank offers to its customers, introducing innovative approaches to engage our customers,” she added.

According to bank management, outgoing Chairperson, Ntaganda, has served with distinction, leading the board through several transformative initiatives that strengthened the bank’s position in the Rwandan market.

"Under his guidance, Bank of Africa Rwanda has enhanced its customer experience, expanded its digital services, and maintained a strong commitment to community engagement," the bank said in the statement.

The bank’s management has extended appreciation to Ntaganda for his invaluable contributions, which "have strengthened the institution&039;s ability to adapt to the evolving needs of its customers and community, " according to the statement.

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Operating in Rwanda since 2015, Bank of Africa – Rwanda is a private commercial bank and part of the larger Bank of Africa Group, a network spanning 18 African countries with additional operations in France and China.

The group is headquartered in Casablanca, Morocco, and Dakar, Senegal.

With 14 branches in Rwanda, including eight in Kigali and six across the provinces, Bank of Africa – "The Bank has established itself as a trusted partner for clients seeking excellence in banking services."