Bank of Kigali gets green light to list on NSE

Bank of Kigali headquarters in Kigali. The Rwandan lender is to cross list on the Nairobi Securities Exchange. PHOTO | CYRIL NDEGEYA | NATION

Bank of Kigali, whose shares are already trading in Rwanda, plans to list stock on the Nairobi Securities Exchange in the second half of this year as part of a drive to raise up to $70 million for investment.

The bank’s shareholders on Friday approved the cross-listing, which if successful, will make it the first Rwandan company to tap into the regional capital markets.