Rwanda: Gov't Floats Its Bralirwa Shares

23 November 2010

Kigali — The Government esterday Launched the Long awaited Initial Public Offering (IPO) of Bralirwa Ltd, in a move that analysts said would draw firm investor interest and set the precedent for the future IPOs in Rwanda.

It is targeting to raise Rwf17.5 billion from 128,570,00 million shares as part of the government's broader strategy to divest from companies it owns shares to facilitate the development of capital markets and to increase the alternative sources of long-term capital for business entities. The listing represents 25 percent of government's shares in the company.

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