The Rwandan subsidiary of I&M Holdings is set to go public with the Rwandan government selling its 19.8 per cent stake in an initial public offering expected to be completed later this year.

What is the state of the local capital markets? At five years, is the Rwanda Stock Exchange ready to be the platform of choice for firms and governments to raise development capital? And what became of the much-talked about municipal bonds and alternative market segment at the local bourse? Business Times’ Stephen Nuwagira, Appolonia Uwanziga & Anitha Kirezi caught up with Robert Mathu, the Capital Market Authority chief, on April 2 to discuss these and other issues concerning the local and regional stock market sectors.

Crystal Telecom will reward its shareholders through a special bonus received from MTN Rwanda in which it has a 20 per cent stake. The move should boost confidence in the telco’s stock, which has lost 32 per cent of its value in seven months.

The Bank of Kigali (BK) has recorded 11.7 per cent increase in its full-year 2015 after-tax profit buoyed by growth in net interest income.