Bank of Kigali Attracts Bids for Three Times Shares Offered
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Bank of Kigali Ltd., Rwanda’s biggest lender by assets, received offers for more than three times the amount of shares on sale in its initial public offering, Finance Minister John Rwangombwa said.
“We had applicants from all over the country and all over the region,” Rwangombwa told reporters today in Kigali, the capital. “It shows the appetite is far bigger than what we are able to offer to the market.”