Heineken Unit To IPO And Kenyan Investors Invited

Rwanda is all set for its first initial public offering (IPO) since the onset of the East African Community (EAC) common market in July 2010. The government looks set to sell a 30% stake in the dominant Heineken-owned beer and soft drinks producer Brasseries et Limonaderies du Rwanda (Braliwra), raising about RWF22.1bn (US$37mn). This would value the company at more than US$120mn. Kenya investment into the listing is actively being encouraged as the ongoing liberalisation of East African capital markets kicks into gear.

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