Bank of Kigali Says Rwandan Government Will Sell 20% Stake

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Bank of Kigali Ltd., Rwanda’s biggest lender by assets, said the government will sell a 20 percent stake to private investors in an initial public offering scheduled for June.

The sale will be in addition to the 25 percent being offered by the lender, Chief Operating Officer Lawson Naibo said in an e-mailed response to questions today from the capital, Kigali.