Find below an article for NEW TIMES on Government sale of its stake in MTN. we hence expect the IPO to be end of this year or early next year.
The Cabinet on Friday approved the sale of the government’s 10 percent shares in local telecommunications giant, MTN .
The meeting, chaired by President Paul Kagame, also approved several laws and regulations guiding various government institutions.
It also approved two loan agreements with the Arab Bank for Economic Development in Africa (BADEA) amounting to $11 million as part of the financing of a multinational road linking Rwanda and Burundi.
The Prime Minister’s decree that appoints prosecutors at the national, higher and lower levels also received the nod from Cabinet. Jean Bosco Siboyintore will now head the Genocide Tracking Unit in the National Public Prosecutions Agency.
The cabinet also promoted 14,940 army officers to the ranks of Adjutant Chief Sergeant Major, Staff Sergeant, Sergeant and Corporal, and it appointed Alphonsine Niyigena as the President of Board of the Directors of the Military Medical Insurance.
It gave the go ahead to new foreign envoys who will represent their countries in Rwanda. They include Niraj Srivastava Ray from India, Bassirou Sene from Senegal and Zambian Mavis Lengalanga Muyunda.
Prof. Dr. Walter Homolka and Rheinhold Robbe are Rwanda’s new Honorary Consuls in Germany.
The laudable is more often than not rendered laughable by overclaim