KIGALI, April 6 Atlas Mara, an investment
company backed by former Barclays boss Bob Diamond,
said on Sunday it planned to buy a controlling stake in
state-run Development Bank of Rwanda to build a regional
financial services firm.
"We are acquiring the government's stake through this
process which is just over 75 percent," Diamond told a news
conference, where Rwanda's finance minister, Claver Gatete, said
the deal had yet to be finalised but welcomed the investment.
The deal would involve splitting the bank's activities
between its commercial operations, to be run by Atlas Mara, and
its development work, in which the government would have a role.
(Reporting by Jenny Clover; Writing by Edmund Blair; Editing by