On 02^nd July 2021, Rwanda launched online auction system which is a new platform that will help the auctioneers to use the electronic systems for the execution of an enforcement order instead of a traditional physical bidding.

Speaking at the launch, Minister of Justice and Attorney General, Busingye Johnston hailed the platform as a long-term solution to the challenges faced in the execution of enforcement orders.

“I would like to commend RDB and other partners for working closely with the Ministry of Justice to effect change in the execution of enforcement orders, from a manual to an electronic system that is in line with the government's vision of digitizing all services,” Minister Busingye said.

The new Registrar General instruction on Management, Lease, Auction, and Takeover of mortgages provides for a bid deposit to ensure that only genuine bidders participate in the auction.

Article 5 of the Ministerial Order No 05/MOJ/AG/20/of 12/05/2020 Relating to the electronic execution of enforcement orders stipulates that bidders offer prices through the electronic system of execution of enforcement orders.

Article 6 of the same law also adds that a person residing in Rwanda or abroad who intends to bid for the property with reference price equal to or more than Rwf5 million pays a refundable bid security of five percent 5per cent of the reference price of the property, communicated in a notice of auction.