Blue Opens Rwanda Branch

This makes Rwanda the 12th country on the continent where Blue has operations. The initial product offerings in Rwanda are one to three month salary advances, three to 24 month personal loans and loans relating to home improvement, education and debt consolidation. The Rwandan operation is headed by a South African, Tony Henderson, who is also responsible for Uganda. Blue will be opening another operation in Nigeria in mid-September. Though the opening of new branches presents new revenue streams, it may put pressure on costs in the short term. The long-term benefits are however expected to outweigh the costs. (Stockbrokers Botswana)