The Development Bank of Rwanda (BRD) has been honoured with the Bonds, Loans and ESG Capital Markets Africa 2024 award for ESG Bond Deal of the Year. The recognition for most innovative and groundbreaking deals from Africa follows BRD’s launch of the inaugural Sustainability Linked Bond in September 2023. This recognition highlights BRD’s dedication to innovation and sustainability in financial markets.

The award-winning achievement stems from BRD’s launch of the Rwf30 billion inaugural bond, a milestone that set new standards locally, regionally, and globally.

The seven-year bond which was listed on the Rwanda Stock Exchange affirms BRD’s commitment to establishing environmental, social and governance for partner financial institutions, increasing women-led business loans and providing affordable housing.

The Sustainability Linked Bond is not just a financial instrument; it serves as a powerful catalyst for investment in not only projects that add value to the economy, but to projects that have a positive impact on the environment.

BRD’s strategic vision to mobilize private capital for sustainable finance will set a standard for other financial institutions in the region to follow.

BRD has through a statement extended heartfelt gratitude to partners for their invaluable collaboration and support throughout this transformative journey.

"This achievement would not have been possible without their unwavering commitment to sustainability and shared goals," reads the statement.

This special recognition which is awarded by GFC Media Group, a corporate finance and investment banking events company, that celebrates excellence, innovation, and dedication in the world of finance. The official ceremony will take place on March 6th, 2024, in Cape Town, South Africa.