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The Rwanda
Rwanda
Stock Exchange
Stock Exchange
Limited was incorporated on 7 October 2005 with the objective of carrying out stock market operations. The Stock Exchange was demutualized from the start as it was registered as a company limited by shares. The company was officially launched on 31 January 2011.

Contents

1 History 2 Expansion 3 The future 4 Market listing 5 See also 6 References 7 External links

History[edit] The exchange's doors opened for trading on 31 January 2011. That day coincided with the first day of trading in the stock of Rwanda's only brewery, Bralirwa, which trades under the symbol:BLR.[2] The Rwanda Stock Exchange
Stock Exchange
replaced the Rwanda Over The Counter Exchange that had been in operation since January 2008, with two companies listed, namely Kenya Commercial Bank Group (KCB) listed on 18 June 2009 and National Media Group (NMG) listed on 2 November 2010.[3] Expansion[edit] Having successfully launched Bralirwa
Bralirwa
as its pioneer Initial Public Offering (IPO), RSE's second IPO was Bank of Kigali, launched on 31 June 2011.[4] On 14 April 2015, Crystal Ventures announced its intention to have an initial public offering (IPO) on the Rwanda
Rwanda
Stock Exchange of its wholly owned subsidiary, Crystal Telecom.[5] Crystal Telecom holds a 20% stake in MTN Rwanda,[6] the country's largest telecoms company. In February 2011, the National Bank of Rwanda, the country's Central Bank, contracted Central Depository and Settlement Corporation (CDSC), a Kenyan company, to serve the Rwanda
Rwanda
Stock Exchange
Stock Exchange
for one year and to train Rwandan staff until Rwanda
Rwanda
can start and operate its own securities registry.[7] On 7 December 2012, RSE launched the Rwanda Stock Exchange
Stock Exchange
Share Index (RSESI), an independently calculated, rules-based, market capitalization weighted performance benchmark for Rwanda
Rwanda
Stock
Stock
Exchange's equities.[8] The future[edit] As of April 2014[update], the RSE trades five listed local and East African companies and also carries out trading of three government and one corporate fixed income instruments.[9] The exchange, which is open five days a week, is a member of the African Stock
Stock
Exchanges Association. The RSE operates in close association with the Nairobi Stock Exchange
Stock Exchange
in Kenya, the Dar es Salaam Stock Exchange
Stock Exchange
in Tanzania and the Uganda Securities Exchange
Uganda Securities Exchange
in Uganda. There are plans are to integrate the four stock exchanges to form a single East African bourse.[10] In January 2016 The EastAfrican reported that three IPOs were in the pipeline.[11] Market listing[edit] As of September 2015[update]

Number Symbol Company Notes

1. BRL Bralirwa Brewing, Bottling

2. KCB Kenya
Kenya
Commercial Bank Group Banking, Finance

3. NMG Nation Media Group Publishing, Printing, Broadcasting, Television

4. BOK Bank of Kigali[12] Banking, Finance

5. UCHU Uchumi Supermarkets[13] Supermarkets

6. EQTY Equity Group Holdings Limited[14] Banking, Finance

7 CTL Crystal Telecom Rwanda Mobile telephony

Kenya Commercial Bank Group and Nation Media Group
Nation Media Group
are primarily listed Nairobi Stock
Stock
Exchange. They are crosslisted on the Rwanda Stock
Stock
Exchange, the Dar es Salaam Stock Exchange
Stock Exchange
and on the Uganda Securities Exchange.[15][16] Uchumi Supermarkets is primarily listed on the Nairobi Stock
Stock
Exchange and is crosslisted on the Rwanda
Rwanda
Stock Exchange
Stock Exchange
and starting in 2014, on the Uganda Securities Exchange
Uganda Securities Exchange
and the Dar es Salaam Stock Exchange.[17] Equity Group Holdings Limited
Equity Group Holdings Limited
is primarily listed on the Nairobi Stock Exchange (2006). It is crosslisted on the Uganda
Uganda
Securities Exchange (2009) and on the Rwanda
Rwanda
Stock Exchange
Stock Exchange
(2015).[14]

See also[edit]

Economy of Rwanda List of stock exchanges List of African stock exchanges Nairobi Stock
Stock
Exchange Dar es Salaam Stock
Stock
Exchange Uganda
Uganda
Securities Exchange

References[edit]

^ Kabona, Esiara (15 January 2018). "Bank of Kigali
Kigali
seeks strategic investor". The EastAfrican. Nairobi. Retrieved 22 January 2018.  ^ Doya, David Malingha (24 January 2011). " Rwanda
Rwanda
Stock
Stock
Exchange, Capital Markets Authority to Open January 31, 2011". Bloomberg News. Retrieved 13 April 2014.  ^ "Listed Securities On Rwanda
Rwanda
Stock
Stock
Exchange". Rwanda
Rwanda
Stock
Stock
Exchange. Retrieved 13 April 2014.  ^ Gachiri, John (7 February 2011). "Interest In Rwanda
Rwanda
Bourse Rises As Second IPO Planned". Business Daily Africa. Retrieved 13 April 2013.  ^ "Crystal Ventures intends to IPO Crystal Telecom on the Rwanda
Rwanda
Stock Exchange". Crystal Ventures Ltd. Retrieved 4 June 2015.  ^ "Crystal Telecom Overview". RwandaInvestor.com. Retrieved 4 June 2015.  ^ Mugwe, David (11 February 2011). "Kenya's Shares Custodian Wins Rwanda
Rwanda
Contract". Business Daily Africa. Retrieved 13 April 2014.  ^ " Rwanda
Rwanda
Stock Exchange
Stock Exchange
Launchers Its First Index". Rwanda
Rwanda
Capital Markets Authority. Retrieved 13 April 2014.  ^ "Equity And Bond Listings On Rwanda
Rwanda
Stock
Stock
Exchange". Rwanda
Rwanda
Stock Exchange. Retrieved 13 April 2014.  ^ Winile Masinga, and Polycarp Machira (9 July 2013). "East Africa Hopes to Have Regional Stock Exchange
Stock Exchange
in a Year - Experts". London: Trust Media via AllAfrica.com. Retrieved 13 February 2016.  ^ Esiara, Kabona (2 January 2016). "Three IPOs expected on Rwanda bourse". EastAfrican. Nairobi. Retrieved 13 February 2016.  ^ Murdoch, Heather (8 August 2011). "Bank of Kigali
Kigali
IPO Attracts Bids for Three Times Number of Shares Offered". Bloomberg News. Retrieved 13 April 2014.  ^ By, Xinhua (6 October 2013). "Uchumi To Cross-List Shares In Rwanda". Daily Nation. Retrieved 13 April 2014.  ^ a b Ngigi, George (11 February 2015). "Equity Debuts At The Rwanda Stock
Stock
Exchange". Business Daily Africa (Nairobi). Retrieved 11 February 2015.  ^ Special, Correspondent (4 September 2012). " Rwanda
Rwanda
Stock
Stock
Exchange Braces for Automation". The Independent (Uganda). Retrieved 13 April 2014.  ^ "Nation Builder:Cross Listing Comes Full Circle". Nation Media Group. March 2011. Retrieved 13 April 2014.  ^ Gachiri, John (15 October 2013). "Uchumi Third Kenyan Firm to Cross-List on Rwanda
Rwanda
Exchange". Business Daily Africa. Retrieved 13 April 2014. 

External links[edit]

Website of Rwanda
Rwanda
Stock
Stock
Exchange African Securities Exchanges Association Homepage

Coordinates: 1°56′36″N 30°03′34″E / 1.943266°N 30.059500°E / 1

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