Rwanda readies for IPO

May 03, 2013, 2:28 PM EDT
Rwanda's President Paul Kagame attends a press conference during the World Economic Forum 2013 annual meeting in the Swiss resort town of Davos, on January 23, 2013.
AFP/Getty Images

The Rwandan government will sell its 20% stake in Banque Commercial du Rwanda, the local unit of I&M Bank,  on the market, according to Bloomberg, though the amount was not confirmed. The bourse also plans to begin trading corporate and Treasury bonds this year, said Capital Market Authority Chief Executive Officer Robert Mathue.