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African Startup Funding Tracker

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Kibo Capital Partners Exit I&M Bank Rwanda
Kibo Capital Partners Exit I&M Bank Rwanda

Kibo Capital Partners announced the completed sale of its 6.01% stake in I&M Bank Rwanda (IMR), the second-largest bank in Rwanda. The acquisition was made in April 2017 by The Kibo Fund II LLC as part of the bankโ€™s successful IPO. This exit marks the first full exit of The Kibo Fund II LLC.