BK gets approval to trade shares

Bank of Kigali (BK) received approval from the Capital Market Advisory Council (CMAC) to float 45 per cent of its shares to the public and as well to list its entire issued capital on the Rwanda Stock Exchange.According to the bank’s Marketing Manager, Januario Mucyo, official clearance from CMAC to grant BK authority to carry out its Initial Public Offering (IPO) will have to wait until next week.