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I&M Bank Rwanda to go public as State prepares to sell its 19pc stake

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

The government is expected to earn hundreds of millions of shillings in the share sale that will leave I&M’s interest in the subsidiary unchanged at 55 per cent.

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