Bank of Kigali Ltd., Rwanda’s biggest lender by market value, plans to cross-list in Nairobi, Johannesburg or London in 2018, Chief Financial Officer Nathalie Mpaka said. The lender will make a decision by December and the market the board picks will be determined by the amount the bank of capital plans to raise, Mpaka added. It would be the first Rwandan company to list its shares outside the East African nation. “We can’t go to London if we only need $50 million,” she said of the lender that listed in 2011 and has a RWF 164.7 billion market value. The company has 672.2 million shares in issue at the Rwandan Stock Exchange, which has only eight listed companies, four of them cross-listed from the bourse in Kenya. “International investors are pushing us to cross-list anywhere as they can’t buy BK shares in Rwanda, because of the long process and requirements,” Mpaka said. “Because of the investors’ appetite, we see this happening in 2018.” Bank of Kigali reported RWF 5.6 billion in net income for the first quarter, a 6% increase from a year ago.