Rwanda’s government plans to sell its stakes in the country’s three largest companies.
Rwanda hopes to offload 10% of the local unit of mobile operator MTN, 20% of insurance company SONARWA, and 30% of brewer BRALIRWA, by the end of the year, government officials said on Monday.
The shares will be floated on Rwanda’s Over-The-Counter (OTC) bourse by the end of this year, said Robert Mathu, director of Rwanda’s Capital Markets Advisory Council. “The exact time scale depends on the preparations required,” he said. Read the rest of this entry »
