Former Barclays CEO Invests in Rwanda Banking Sector Filed in: fdi, investment, banking, finance, rwanda
The London Evening Standard reports that former Barclays CEO Bob Diamond will invest $22.5 million in Banque Populaire Rwanda through his African banking venture Atlas Mara. The investment will give the firm a 45% stake in the bank, which Atlas Mara then plans to merge with BRD Commercial Bank of Rwanda. The...
Kenya’s Equity Bank Cross-Lists on the Rwanda Stock Exchange Filed in: investment, rwanda, kenya, finance
Rwanda's six-company stock exchanged doubled its value by cross-listing Kenya's Equity Bank. With a market cap over $2 billion, the bank is now the largest company listed on the exchange. “Cross-listing is important because it gives Rwandans an opportunity to participate in the progress of their bank,...