▁November ▁ 2 0 1 5 , ▁the ▁C BA ▁Group , ▁Ken ya ' s ▁largest ▁priv ately ▁owned ▁financial ▁services ▁provider ▁public ly ▁announced ▁their ▁intention ▁to ▁enter ▁the ▁R wand an ▁market . ▁The ▁group ▁applied ▁for ▁a ▁bank ing ▁lic ence ▁from ▁the ▁R w anda ▁authorities . ▁ ▁In ▁December ▁ 2 0 1 6 , ▁the ▁National ▁Bank ▁of ▁R w anda ▁issued ▁C BA ▁R w anda ▁with ▁a ▁micro - fin ance ▁bank ing ▁lic ence . ▁In ▁May ▁ 2 0 1 7 , ▁C BA ▁R w anda , ▁a ▁micro fin ance ▁institution , ▁made ▁public ▁its ▁intention ▁to ▁ac quire ▁C rane ▁Bank ▁R w anda , ▁a ▁commercial ▁bank , ▁whose ▁parent ▁company ▁in ▁U g anda ▁had ▁been ▁sold ▁and ▁the ▁buy ers ▁of ▁the ▁parent ▁did ▁not ▁want ▁to ▁keep ▁the ▁R wand an ▁subs idi ary . ▁On ▁ 1 5 ▁June ▁ 2 0 1 7 ▁C BA ▁Group ▁signed ▁a ▁definit ive ▁sale ▁and ▁purchase ▁agreement ▁with ▁D FC U ▁Bank , ▁the ▁own ers ▁of ▁C rane ▁Bank ▁R w anda . ▁The ▁ac quisition ▁required ▁regul atory ▁appro val ▁in ▁R w anda , ▁Ken ya ▁and ▁U g anda . ▁ ▁Com mer cial ▁bank ▁status ▁On ▁Monday , ▁ 2 1 ▁February ▁ 2 0 1 8 , ▁The ▁East A fr ican ▁reported ▁that ▁the ▁requ is ite ▁appro val s ▁for ▁the ▁purchase ▁of ▁C rane ▁Bank ▁R w