🇷🇼 Rwanda Stock Exchange

I&M Bank Rwanda (RSE:IMR) has bought Phoenix Metals, a tin smelting plant, in a public auction after the smelter failed to settle loan.

The Rwanda National Investment Trust (RNIT) Iterambere Fund closed its maiden year (October 7, 2016 to October 6, 2017) since closure of the IPO with an annual return of 9.62 per cent, a report from the Fund managers indicates.

Global Credit Ratings has affirmed Bank of Kigali Limited’s long-term and short-term national scale ratings of AA-(RW) and A1+(RW) respectively; with the outlook accorded as Stable. The ratings are valid until September 2018.

The Government of Rwanda through the Ministry of Finance and Economic Planning (MINECOFIN) is pleased to announce the successful sale of its stake of 19.81 percent in I&M Bank Rwanda Ltd, to the public through an Initial Public Offering and subsequent Listing on the Rwanda Stock Exchange(RSE); at the first day of trading closed at a price of Rwf 105 per share.