News and developments on African capital markets: African securities, African stock exchanges, African equities, African bonds, African private equity/venture capital, and African social impact investment. Twitter @africancapital, LinkedIn African Securities Exchanges group.
Interest in share offers is high on the Rwanda Stock Exchange, after shares of Bank of Kigali (BK) rose 52% to RWF190 in their first day of trading on 1 September.
The Rwandan Government plans to raise Rwf25 billion ($42.2 million) through the sale of its shares in Bank of Kigali Ltd and telecom company MTN Rwanda in coming months. The bank is Rwanda’s biggest lender by assets. Government will sell a 20% stake and the bank will add a further 25% stake in an Initial Public Offering scheduled for June.