Mr. Richard Mugisha has been appointed as the new Chairman of the Board of Directors of Ecobank Rwanda. Mr. Mugisha succeeds Mr. Ivan Twagirashema, who retired in August 2023 after four years as Chairman of the Board of Directors. He is credited with providing excellent strategic direction, encouraging innovation, maintaining solid financial performance, and upholding the bank’s commitment to ethical banking practices.

Mr. Mugisha’s appointment is part of Ecobank Rwanda’s continued commitment to expand its leadership team and further its vision of providing innovative financial solutions to the Rwandan market.

Mr. Mugisha is a seasoned entrepreneur and legal expert with over 25 years of experience in both the public and private sectors in Rwanda and elsewhere. He has made substantial contributions to strategic growth and operational excellence in the organizations he has served, notably those in the financial sector.

Mr. Mugisha, a professional with an established track record, has continuously demonstrated extraordinary qualities in board leadership, stakeholder involvement, and his ability to foster new company strategies while giving important advice to a diverse client base. His considerable expertise and forward-thinking approach make him an invaluable member of Ecobank Rwanda’s leadership team.

Said Ecobank Rwanda Managing Director, Mrs. Carine Umutoni: “We are grateful to Mr. Mugisha for joining us as our new Chairman of the Board of Directors.  We look forward to leveraging his broad expertise and extensive experience within the corporate and commercial legal spaces to drive forward our innovation and excellence agenda.  We extend our heartfelt gratitude to our outgoing Chairman, Dr. Ivan Twagirashema for his dedicated service to our Bank for the past 9 years and wish him the very best in his retirement.”

Mr. Mugisha expressed his delight to serve the bank in this role, stating: “I am truly honored to join Ecobank Rwanda, a renowned Pan-African institution that has consistently demonstrated its dedication to innovation, customer service, and community development, As I step into this role, I am dedicated to upholding the bank’s legacy of excellence while driving forward its strategic vision. Building upon the foundation laid by my predecessor, I am committed to working closely with the board, the executive team, and our stakeholders to ensure Ecobank Rwanda’s continued success.”

As Chairman of the Board of Directors, Mugisha will provide strategic direction, leadership, and oversight to support the bank’s growth strategies and reinforce its commitment to delivering top-notch financial solutions to individuals, businesses, and communities across Rwanda.


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