Rwandan Brewer Bralirwa Jumps on Market Debut

Shares of Rwandan Brewer Bralirwa jumped this week following their listing on the country's new Exchange on Monday. The firm was brought to the public markets as part of the sale of the Rwandan government's 30% stake - 25% in an initial offering, and 5% to Heineken, who already owned the remaining 70% of shares. The listing represented the beginning of Rwanda's new Exchange. The country plans to list additional firms over the coming year, starting with the expected IPO of Banque de Kigali in the first half of the year. For more information, please see here and here.