EXHIBIT 99.41

                               ARNOLD T. KONDRAT

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                                  PRESS RELEASE
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                              EXERCISE OF WARRANTS

Toronto,  December 11, 2003 - Arnold T. Kondrat  announces that he has purchased
400,000  common  shares of Banro  Corporation  (the  "Company")  pursuant  to an
exercise of warrants  of the  Company.  Taking  into  account  such  exercise of
warrants,  the Company now has 10,321,594  common shares issued and outstanding.
The said 400,000 shares represent 3.88% of such outstanding  shares. Mr. Kondrat
purchased such shares for investment  purposes and may in the future increase or
decrease his ownership of securities of the Company from time to time  depending
upon the business and prospects of the Company and future market conditions. Mr.
Kondrat is Executive Vice  President and a director of the Company.  His address
is 341 Riverview Drive, Toronto, Ontario, M4N 3C9.

Mr.  Kondrat  now  owns  and  controls  a  total  of  1,192,933   common  shares
representing  11.56% of the issued and outstanding common shares of the Company.
He also holds an  additional  250,000  common  share  purchase  warrants  of the
Company and stock options to purchase 494,000 common shares of the Company.

For further  information and in order to obtain a copy of the report to be filed
under applicable  securities  legislation in connection with this press release,
please contact:

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