BK to launch IPO today, share priced at Rwf125

Bank of Kigali (BK) has set its Initial Public Offering (IPO) of 300.3 million shares at Rwf125 each, the Business Times has learnt.The country’s leading lender, by profitability, is set to float 25 percent of the 45 percent overall shares to be offloaded today. BK’s Chief Operational Officer, Lawson Naibo, told Business Times, on Tuesday the bank is selling 25 per cent of its share capital for expansion reasons.