ACTIS WANTS TO SELL ITS SHARES IN BCR.

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The investment group in London wants to sell its 80% shares in the commercial bank of Rwanda that has been invested in this bank since 2004.

The only reason is that it has helped this bank to grow compared to other banks. The Rwandan government which owns 20% of this bank is also ready to sell their shares the moment Actis shares are on market.

Mr. Sajeev Anand who is been the director of BCR  since 2009 says that many investors in Rwanda and outside have shown interest in buying these shares but they want to take their time.

IN 2010, BCR reached an interest rate of 4.4 million dollars that means 2.5 billion Rwandan francs when Actis shares in 2004 were 4.9 million dollars equivalent to 3 billion Rwandan francs.

 

 

About the author

Ashley Stuart is the Editor (English) for RwandaEye. She has worked as the lead project manager for Dunkirk Business Consultancy and is an authority on Foreign Markets. She is the major contributor of English articles for RwandaEye.

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