Kibo Capital Partners completed the sale of its 6.01% stake in I&M Bank Rwanda (IMR), the second largest bank in Rwanda.

The acquisition was made in April 2017 by The Kibo Fund II LLC as part of the bank’s successful IPO. Throughout its investment period, Kibo Capital Partners saw IMR consolidate its position as a market leader by strengthening its value proposition in a full range of banking services; it also implemented successfully a digitalisation strategy by investing in a n...