EXHIBIT 99.30



                               BANRO CORPORATION
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                                  PRESS RELEASE
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                                  STOCK OPTIONS


Toronto,  March 16, 2004 - Banro Corporation (the "Company") (TSX Venture - BNR)
announces  that it has  granted,  pursuant to the terms of the  Company's  stock
option plan, 200,000 stock options,  each such stock option entitling the holder
to purchase one common  share of the Company at a price of Cdn$8.20  until March
16, 2009.


For further information, please contact:

Arnold T. Kondrat
President
Phone: (416) 366-2221
Fax:   (416) 366-7722


The TSX Venture  Exchange  does not accept  responsibility  for the  adequacy or
accuracy of this press release.