Rwanda said its first ever initial public (IPO) offering for a 25 percent stake in the brewer Bralirwa saw a 274 percent subscription rate and raised $29.5 million, its finance minister said on Tuesday.
Rwanda said on Monday it would raise 22.1 billion Rwandan francs from the sale of its 30 percent stake in brewer Bralirwa, the first initial public offering in the central African country.