National

BK floats 45% of its shares

KIGALI - Bank of Kigali (BK) Limited yesterday launched its Initial Public Offering (IPO), floating 45 percent of its shares for the public to acquire a stake in one of the biggest banks in the country.The lender is targeting to raise Rwf 37.5 b from the over 300 million shares as part of the government's broader strategy to divest from companies in which it owns shares, to facilitate the development of capital markets and increase alternative sources of long-term capital for business entities.
L-R;Bank of Kigali MD, James Gatera, Finance Minister, John Rwangombwa, and the Head of Capital Markets Advisory Council, Robert Mathu, unveil the BK Prospectus. (Photo/J Mbanda)
L-R;Bank of Kigali MD, James Gatera, Finance Minister, John Rwangombwa, and the Head of Capital Markets Advisory Council, Robert Mathu, unveil the BK Prospectus. (Photo/J Mbanda)
Times Reporter