Shares of Rwanda’s largest lender by assets, Bank of Kigali (BK) Group Plc, started trading on the Nairobi Securities Exchange (NSE) on Friday.
It becomes the second company to cross-list on the Nairobi bourse after Uganda’s Umeme in December 2012.
The BK Group’s shares, whose primary listing is Rwanda Stock Exchange, started trading at a reserve price of Sh30.
The highest bid price for the BK Group shares by 11.30am was Sh32 per unit, a trader said.
The listing followed a recent successful rights issue at the ratio of three shares for every one held, a cash call that raised Sh7 billion.