Is Crystal Telecom’s sale of shares a move to dilute political risk?
An MTN Rwanda centre in Kigali. Crystal Ventures plans to list its subsidiary Crystal Telecom, which has a 20 per cent stake in MTN Rwanda as its only investment, on the Rwandan bourse through an initial public offer. PHOTO | CYRIL NDEGEYA
Crystal Ventures, Rwanda’s biggest investment company, has made more money over the past three years from its terminated management contract with MTN Rwanda than from dividends for its indirect 20 per cent stake in the mobile phone services provider.
The initial public offering of its subsidiary Crystal Telecom, which opened last week, is expected to allow investors to share in the fortunes of MTN Rwanda.
