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 January 2011.

History

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 Bralirwa, also known by its French name Brasseries et Limonaderies du Rwanda, is the largest brewer and soft beverage company in Rwanda. Its shares of stock are listed on the Rwanda Stock Exchange, where they trade under the symbol:BLRW. As of ...

, 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, namely

Kenya Commercial Bank Group KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limited, KCB Bank Burundi L ...

(KCB) listed on 18 June 2009 and

National Media Group Alina Maratovna Kabaeva or Kabayeva (russian: Алина Маратовна Кабаева, ; tt-Cyrl, Әлинә Марат кызы Кабаева; born 12 May 1983) is a Russian politician, media manager and retired individual Rhythmic gym ...

(NMG) listed on 2 November 2010.

Expansion

Having successfully launched Bralirwa as its pioneer

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

(IPO), RSE's second IPO was

Bank of Kigali Bank of Kigali (BK) is a commercial bank in Rwanda. It is licensed by the National Bank of Rwanda. Location The headquarters and main branch of the bank are located at 6112 KN4 Avenue, in Nyarugenge District, in the city of Kigali, the capital a ...

, launched on 31 June 2011. On 14 April 2015, Crystal Ventures announced its intention to have an initial public offering (IPO) on the Rwanda Stock Exchange of its wholly owned subsidiary, Crystal Telecom. Crystal Telecom holds a 20% stake in MTN Rwanda, the country's largest telecoms company. In February 2011, the National Bank of Rwanda, the country's

Central Bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

, contracted Central Depository and Settlement Corporation (CDSC), a

Kenya ) , national_anthem = " Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi ...

n company, to serve the Rwanda 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 Rwanda Stock Exchange's equities.

The future

, 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 ThAfrican Securities Exchanges Association(ASEA) was incorporated in 1993 in Nairobi (Republic of Kenya). ASEA's aim is to provide a formal framework for the mutual co-operation of securities exchanges in the African region. Its functions include th ...

. The RSE operates in close association with the

Nairobi Stock Exchange The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...

Kenya ) , national_anthem = " Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi ...

, the

Dar es Salaam Stock Exchange The Dar es Salaam Stock Exchange (DSE) is a stock exchange located on Ohio Street, west of Kivukoni, south east of Dar es Salaam, the commercial capital and largest city in Tanzania. It was incorporated in September 1996 and trading started i ...

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands ...

and the

Uganda Securities Exchange The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...

Uganda }), is a landlocked country in East Africa. The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The sou ...

. There are plans to integrate the four stock exchanges to form a single East African bourse. In January 2016

The EastAfrican ''The EastAfrican'' is a weekly newspaper published in Kenya by the Nation Media Group, which also publishes Kenya's national '' Daily Nation''. The ''EastAfrican'' is circulated in Kenya and the other countries of the African Great Lakes ...

reported that three IPOs were in the pipeline.

Market listing

' * ''

'' and ''

Nation Media Group Nation Media Group (abbreviated as NMG) is a Kenyan media group listed on the Nairobi Stock Exchange. NMG was founded by Aga Khan IV in 1959 and is the largest private media house in East and Central Africa with offices in Kenya, Uganda, and Ta ...

'' are primarily listed

. They are crosslisted on the Rwanda Stock Exchange, the

and on the

. * ''

Uchumi Supermarkets Uchumi Supermarkets, often referred to simply as Uchumi, is a Kenyan supermarket chain. The word means "economy" in Swahili. Overview Uchumi is headquartered in Kenya. , Uchumi is one of a number of Kenyan supermarket chains that serve Kenya, ...

'' is primarily listed on the

and is crosslisted on the Rwanda Stock Exchange and starting in 2014, on the

and the

. * ''

Equity Group Holdings Limited Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sud ...

'' is primarily listed on the

(2006). It is crosslisted on the

(2009) and on the Rwanda Stock Exchange (2015). *RH Bophelo is cross-listed on the exchange with

Johannesburg Stock Exchange JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 ...

in June 2020. It is the first company not from East Africa to be cross listed on the exchange.

References

External links