Tag Archive for 'MTN Group'

Rwanda Government to raise $42 mn by selling shares in Bank of Kigali and MTN

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.