The RWANDA 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
* 1 History
* 2 Expansion
* 3 The future
* 4 Market listing
* 5 See also
* 6 References
* 7 External links
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
Bralirwa , which trades under the symbol:BLR. The Rwanda
Stock Exchange replaced the
Rwanda Over The Counter Exchange that had
been in operation since January 2008, with two companies listed,
Kenya Commercial Bank Group (KCB) listed on 18 June 2009 and
National Media Group (NMG) listed on 2 November 2010.
Having successfully launched
Bralirwa as its pioneer Initial Public
Offering (IPO), RSE's second IPO was Bank of
Kigali , launched on 31
June 2011. On 14 April 2015, Crystal Ventures announced its intention
to have an initial public offering (IPO) on the
of its wholly owned subsidiary, Crystal Telecom. Crystal Telecom
holds a 20% stake in MTN
Rwanda , the country's largest telecoms
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
Stock Exchange for one
year and to train Rwandan staff until
Rwanda can start and operate its
own securities registry. On 7 December 2012, RSE launched the Rwanda
Stock Exchange Share Index (RSESI), an independently calculated,
rules-based, market capitalization weighted performance benchmark for
Stock Exchange's equities.
As of April 2014 , the RSE trades five listed local and East African
companies and also carries out trading of three government and one
corporate fixed income instruments. The exchange, which is open five
days a week, is a member of the African
Stock Exchanges Association .
The RSE operates in close association with the Nairobi
Kenya , the Dar es Salaam
Stock Exchange in
Tanzania and the Uganda
Securities Exchange in
Uganda . There are plans are to integrate the
four stock exchanges to form a single East African bourse. In January
The EastAfrican reported that three IPOs were in the pipeline.
As of September 2015
Kenya Commercial Bank Group
Nation Media Group
Equity Group Holdings Limited
Kenya Commercial Bank Group and
Nation Media Group are primarily
Stock Exchange . They are crosslisted on the Rwanda
Stock Exchange, the Dar es Salaam
Stock Exchange and on the Uganda
Securities Exchange .
Uchumi Supermarkets is primarily listed on the Nairobi Stock
Exchange and is crosslisted on the
Stock Exchange and starting
in 2014, on the
Uganda Securities Exchange and the Dar es Salaam Stock
Equity Group Holdings Limited is primarily listed on the Nairobi
Stock Exchange (2006). It is crosslisted on the
Exchange (2009) and on the
Stock Exchange (2015).
* Economy of
List of stock exchanges
List of African stock exchanges
* Dar es Salaam
Uganda Securities Exchange
* ^ Doya, David Malingha (24 January 2011). "
Capital Markets Authority to Open January 31, 2011". Bloomberg News.
Retrieved 13 April 2014.
* ^ "Listed Securities On
Exchange. Retrieved 13 April 2014.
* ^ Gachiri, John (7 February 2011). "Interest In
Rises As Second IPO Planned". Business Daily Africa. Retrieved 13
* ^ "Crystal Ventures intends to IPO Crystal Telecom on the Rwanda
Stock Exchange". Crystal Ventures Ltd. Retrieved 4 June 2015.
* ^ "Crystal Telecom Overview". RwandaInvestor.com. Retrieved 4
* ^ Mugwe, David (11 February 2011). "Kenya\'s Shares Custodian
Rwanda Contract". Business Daily Africa. Retrieved 13 April 2014.
* ^ "
Stock Exchange Launchers Its First Index". Rwanda
Capital Markets Authority. Retrieved 13 April 2014.
* ^ "Equity And Bond Listings On
Stock Exchange". Rwanda
Stock Exchange. Retrieved 13 April 2014.
* ^ Winile Masinga, and Polycarp Machira (9 July 2013). "East
Africa Hopes to Have Regional
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
EastAfrican . Nairobi. Retrieved 13 February 2016.
* ^ Murdoch, Heather (8 August 2011). "Bank of
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.