Type | Stock Exchange |
---|---|
Industry | Finance |
Predecessor | Rwanda Over The Counter Exchange |
Founded | 31 January 2011 |
Headquarters | Kigali, Rwanda |
Key people | Celestin Rwabukumba Chief Executive Officer [1] |
Products | Stock trading services |
Website | www |
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.
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 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]
Having successfully launched 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 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 Stock Exchange for one year and to train Rwandan staff until Rwanda can start and operate its own securities registry. [7] 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. [8]
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 Exchanges Association. The RSE operates in close association with the Nairobi Stock Exchange in Kenya, the Dar es Salaam Stock Exchange in Tanzania and the Uganda Securities Exchange in Uganda. There are plans 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]
As of February 2022 [update]
Number | Symbol | Company | ISIN-Code | Notes |
---|---|---|---|---|
1. | BRL | Bralirwa | RW000A1H63N6 | Brewing, Bottling |
2. | KCB | Kenya Commercial Bank Group | KE0000000315 | Banking, Finance |
3. | NMG | Nation Media Group | KE0000000380 | Publishing, Printing, Broadcasting, Television |
4. | BOK | Bank of Kigali [12] | RW000A1JCYA5 | Banking, Finance |
5. | USL | Uchumi Supermarkets [13] | KE0000000489 | Supermarkets |
6. | EQTY | Equity Group Holdings Limited [14] | KE0000000554 | Banking, Finance |
7. | CTL | Crystal Telecom Rwanda | RW000A14UYP4 | Mobile telephony |
8. | IMR | I&M Bank Rwanda Limited | RW000A2DN989 | Banking, Finance |
9. | RHB | RH Bophelo [15] | ZAE000244737 | Healthcare, Investments |
10. | CMR | Cimerwa Cement Limited | Cement | |
11. | MTNR | MTN Rwandacell Plc [16] | Telecommunications | |
KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running Agency banking model.
The African Securities Exchanges Association (ASEA) was incorporated in 1993 in Nairobi. ASEA's aim is to provide a formal framework for the mutual co-operation of securities exchanges in the African region. Its functions include the exchange of information and assistance in the development of member exchanges.
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 central bank.
Uchumi Supermarkets, often referred to simply as Uchumi, is a Kenyan supermarket chain. The word uchumi means "economy" in Swahili.
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 in April 1998. It is a member of the African Stock Exchanges Association and the World Federation of Exchanges. The exchange is open five days a week, from Monday through Friday. The trading days are weekly from Monday to Friday, starting from 10.00 am to 14.00 pm.
The Rwanda Over The Counter Market (ROTCE), was a stock market in Rwanda. It was founded on 31 January 2008 and operated out of Kigali, the capital city of Rwanda. The market was run by the Rwandan government, with ambitions to become independent. Initially the exchange only sold bonds - one offered by the country's central bank; the National Bank of Rwanda and one by the Commercial Bank of Rwanda. Later in 2009, equities began being listed on the exchange. As of December 2010 the listed equities on the exchange are as summarized in the table below:
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 Limited, KCB Bank Rwanda Limited, KCB Bank South Sudan Limited, KCB Bank Tanzania Limited, KCB TMB Congo and KCB Bank Uganda Limited.
Bank of Kigali (BK) is a commercial bank in Rwanda. It is licensed by the National Bank of Rwanda.
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 December 2017, the company's total assets were valued at RWF:127.73 billion, with shareholders' equity of RWF:35.7 billion.
I&M Holdings Limited, also I&M Bank Group, is a conglomerate comprising banks, an insurance company and investment advisory businesses. The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Mauritius, Rwanda, Tanzania and Uganda. The flagship company of the group is I&M Bank Limited, with headquarters in the I&M Bank Tower on Kenyatta Avenue in the central business district of Nairobi, Kenya's capital and largest city.
Kenya Commercial Bank South Sudan Limited, sometimes KCB South Sudan, is a commercial bank in South Sudan. It is licensed by the Bank of South Sudan, the country's central bank and national banking regulator.
Commercial Bank of Africa Group is a financial services provider in East Africa. Its headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast.
Equity Bank Rwanda Limited (EBRL), is a commercial bank in Rwanda. The bank is licensed by the National Bank of Rwanda, the central bank and national banking regulator.
NCBA Group Plc, is a financial services conglomerate in East and West Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, Uganda and Ivory Coast.
Equity Bank Tanzania Limited, is a commercial bank in Tanzania, the second-largest economy in the East African Community. It is licensed by the Bank of Tanzania, the country's central bank and national banking regulator. The bank is a member of the Equity Group Holdings Limited, a large financial services conglomerate, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, South Sudan, Tanzania, Uganda, Democratic Republic of the Congo and a representative office in Ethiopia.
Dyer & Blair Investment Bank is a Kenyan investment firm that engages in regional investment banking, securities, investment management, and other financial services with both Individual and institutional clients. It is regulated by the Capital Markets Authority.
Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.
Crystal Telecom Rwanda, commonly referred to as Crystal Telecom, is a Rwanda Stock Exchange listed company with its headquarters in Kigali, Rwanda. The firm holds a 20 percent stake in MTN Rwandancell as its only investment.
The Isaka–Kigali Standard Gauge Railway is a planned railway line linking the town of Isaka in Tanzania to the city of Kigali in Rwanda.
Cimerwa Cement Limited (CCL) is a manufacturer of cement in Rwanda with capacity of approximately 600,000 tones per year.