Finance

Rwanda: Bank of Kigali to issue additional shares as of October 29

Friday, 19 October 2018 17:50
Rwanda: Bank of Kigali to issue additional shares as of October 29

(Ecofin Agency) - Bank of Kigali will issue new shares at CFA270 each, the bank announced in a communique published on October 19. The new issuance is aimed at boosting its equity with CFA60 billion ($67.81 million).

As of October 29, the bank will offer three new shares for each old ones owned in by shareholders, making it a total of 222.22 million.

These new shares will be listed on Rwanda and Nairobi stock exchanges starting from November 30.

Out of the total amount raised, between $10 million to $20 million will be used to develop a mobile banking platform for loans via mobile phones among other features.

Founded 51 years ago, Bank of Kigali generated a pre-tax profit of CFA22 billion ($25.04 million), in H1, 2018; an increase of 33% compared to the year on year performance.



 
Telecom


 
Public Management


Following the French president (photo) Emmanuel Macron's announcement of the launch...
Cloudleaf Inc partnered with the tech services provider Bahwan CyberTek (BCT) to...
The African Development Bank’s Business Opportunity Seminar (BOS), an initiative to...

Live News

Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.