Rwandan bank first cross-listed firm on Kenyan stock exchange

Economic news

Rwandan BK Group is the first firm listed in two markets to make it to the NSE 20 Share Index. The inclusion in the index will serve as a benchmark for investors to measure the performance of the group stock against the broader market. According to its CEO, being the first foreign, cross-listed stock on the Nairobi exchange is a milestone that contributes to the group’s brand strength and reputation both locally and on the international stage. The bank is adequately capitalized and not looking to raise additional equity in the medium to long term.

Source : The Star

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