The private equity management firm indicated that it has seen IMR consolidate its market position throughout its investment period. Kibo Capital Partners announced on Monday, June 28, that it had sold all of its 6% stake in I&M Bank Rwanda (IMR), the country's second largest

The transaction marks the full release of The Kibo Fund II LLC, which had Enexus Finance as its financial advisor. I&M Bank Rwanda (IMR) has strengthened its value proposition across a comprehensive range of banking services, and has also successfully implemented a digitization strategy by investing in a new core banking system aimed at providing a suite of digital solutions to its customers. Thierry Hugnin, Managing Partner of Kibo Capital Partners Ltd, emphasizes that the fund is pleased to have invested in the bank at the time of the IPO, a key moment in the bank's expansion strategy, and subsequently supported it in the growth of its clientele and committed to a process of digitalization and innovation to better serve the