B-Club sells off 50 percent shares

Berry Ndengeyingoma the proprietor of B-Club, has sold off a 50 percent stake of his ventures in the business to two unnamed Rwandan businessmen. Ndengeyingoma, commonly known as Ndengeye, is the billionaire, founder of B-Club discotheque, a privately owned investment in Nyarutarama and the Palm Hotel in Gisenyi, Western Province. Ndengeye’s personal businesses were recently hit by misfortunes in the past three months. However, he announced the sale of 50 percent as he plans to deal with different corporate partners in the regional. The move is in anticipation to improve on his businesses. B-Club re-opened yesterday after three months of being out of operation. The business had encountered a shortfall when the proprietor had traveled to Europe.The sale means Ndengeye would own just half the portions of his multi-billion business complex. However, he didn’t respond to requests to comment on the monetary value he is selling the shares. “The share sale was a private matter, because I’ve yet taken the final decision whether to sell more or not,” Ndengeye added. On July 29, Ndengeye told The Business Times, that he intends to open outlets in some parts of the country, like in Gisenyi, and in other parts of East Africa. “I’ll deal strictly with partners who have shares in booming businesses, and people with successful experience in the entertainment industry,” Ndengeye said. The business complex in Kigali City, which opened its doors in October 15 2007, was meant to run as a multi-business centre with laundry service, a restaurant and a modern lounge club.Other activities were meant to include theme nights like a monthly ladies night, poetry night, jazz and blues night, oldies night, East and West African night and a latino night. Ndengeye, who lived overseas for over 12 years, said that he got the inspiration of opening up businesses in the country from Europe. “At first, my idea was to open up a night club, but later I realised that it couldn’t yield enough money for me,” he said, adding that, “But now I’ve decided to re-open the business as both a discotheque and a lounge-bar,” he added. Ends

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B-Club sells off 50 percent shares