FMO proposes $15m investment in Rwandan bank

Dutch development financier FMO has proposed a $15 million investment in I&M Bank Rwanda.

I&M Rwanda is part of the I&M Group, a financial services provider in East-Africa and long-standing partner of FMO. The group was established in 1974 and operates in four countries: Kenya, Tanzania, Mauritius and Rwanda.

FMO said the transaction with I&M Bank Rwanda will allow it to expand its regional scope by increasing its footprint in East-Africa’s least developed countries.

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