RNIT Iterambere Fund value has grown to Rwf1.47 billon as at January 31 compared to Rwf1.45 billion December 2017, a monthly report by Rwanda National Investment Trust (RNIT), the fund managers, indicates.

The Rwandan subsidiary of I&M bank has received financing of Sh1 billion ($10 million) from the International Finance Corporation (IFC) for onward lending to small businesses.

I&M Bank Rwanda (RSE:IMR) has bought Phoenix Metals, a tin smelting plant, in a public auction after the smelter failed to settle loan.

The Rwanda National Investment Trust (RNIT) Iterambere Fund closed its maiden year (October 7, 2016 to October 6, 2017) since closure of the IPO with an annual return of 9.62 per cent, a report from the Fund managers indicates.