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

The deal 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 in a full 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 clients. Thierry Hugnin, Managing Partner of Kibo Capital Partners Ltd points out 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 accompanied it in the growth of its clientele and engaged in a process of numeration. risation and innovation to better serve the Rwandan market.