Iza Irame has had quite a meteoric rise at Crystal Telecom. She’s now the company’s CEO.
As Crystal Telecom, a subsidiary of Crystal Ventures Ltd second CEO, Iza Irame is taking over a company in flux. Replacing Vincent Gatete, who was recently moved to Bank of Kigali as chief commercial officer.
Irame holds a Business Administration degree majoring in Finance from the Kigali Institute of Science, Technology and Management (KIST). She is an Affiliate of the UK Association of Chartered Certified Accountant (ACCA).
She has a vast management experience in both private and public sector. Before joining African Alliance, Iza worked as a Group Finance Manager at Horizon Group. She also serves as a Non-Executive Director on various boards including the Rwanda Stock Exchange, African Alliance Rwanda, Zigama CSS and Rwanda Teaching University Hospitals.
Crystal Telecom, a wholly owned subsidiary of Crystal Ventures, owns a 20% share of MTN Rwanda as its only investment.
The Crystal Telecom IPO is typical of Crystal Venture’s investment strategy of monetising mature holdings with the intention of redeploying capital in support of early-stage enterprises that can make a significant contribution to the Rwandan economy.
Irame worked as the Chief Corporate Officer of Crystal Ventures Ltd since May 2016. Prior to joining CVL, she was Chief Executive Officer of African Alliance Rwanda for four years.
“During her tenure she led diverse corporate finance transactions in the Rwandan Market and has been instrumental in growing the local Capital Market industry. She was the first chairperson of the Rwanda Stockbrokers Association,” reads part of the statement.
“Crystal Telecom set precedence for companies in the private sector to seek funding from the capital markets and investors gained from two dividend payouts within 12 months of listing” said James Gatera, Chairman of Crystal Telecom.
He also commended Gatete Vicent for a job well done, “We thank Vincent for the good work he has done during his time at Crystal Telecom. We also welcome Iza who will continue to serve the company diligently given her vast experience”.