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Goma's Bank Closures Drive Residents to Rwanda for Cash

2/1/2026

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Summary

Story summary

Banks have not reopened in Goma, forcing residents to cross into Rwanda for cash withdrawals at high fees.
Local traders report rising prices and dwindling sales.
M23 leaders say they have improved security and basic services, while architect Dieudonne Muweza remains skeptical.
Peace deals have been signed.
Economic analysts warn that bank closures cripple the local economy.

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Story summary

Banks have not reopened in Goma, forcing residents to cross into Rwanda for cash withdrawals at high fees.
Local traders report rising prices and dwindling sales.
M23 leaders say they have improved security and basic services, while architect Dieudonne Muweza remains skeptical.
Peace deals have been signed.
Economic analysts warn that bank closures cripple the local economy.