Crystal Telecom Rwanda

Last updated

Crystal Telecom
Type Public: RSE: CTL
Industry Telecommunications
PredecessorCrystal Ventures Limited
FoundedJanuary 1, 2013;10 years ago (2013-01-01)
Headquarters Kigali, Rwanda
Area served
 Rwanda
Key people
Iza Irame
Chief Executive Officer
ProductsShareholding in Mobile Network Provider
RevenueIncrease2.svgAftertax:RWF:1.289 billion (US$1.4 million) (2019) [1]
Total assets RWF:24.038 billion (US$26 million) (2019) [1]
Parent Crystal Ventures
Website www.crystaltelecom.co.rw

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. [2]

Contents

Location

Crystal Telecom maintains its headquarters in the offices of Crystal Ventures, at Grand Pension Plaza, on the 14th Floor, at 2 KN 3 Avenue, in Kigali, Rwanda's capital and largest city. [3] The geographical coordinates of the company's headquarters are:01°56'47.2"S, 30°03'37.4"E (Latitude:-1.946444; Longitude:30.060389). [4]

Overview

Crystal Telecom is a special purpose vehicle company that owns 20 percent of MTN Rwandacell, a member of the MTN Group. As of 2015, that shareholding was its only investment. [5] As of December 2019, Crystal Telecom had total assets of RWF:24.038 billion (US$26 million), with shareholders equity of RWF:23,971 billion (US$25.9 million). [1]

History

Crystal Telecom was formed in 2013 [2] when Rwanda based investment firm Crystal Ventures, spun off its shareholding in MTN Rwandantell to its newly incorporated subsidiary through an IPO. The IPO was conducted in June 2015 and was over-subscribed by 123 percent. [6]

The company's shares started trading on the Rwanda Stock Exchange on 17 July 2015 under the symbol CTL, making it the third local company to list on the exchange, behind Bralirwa and Bank of Kigali. [5] [7]

Governance

The company is supervised by a five-person board of directors. The table below illustrates the members of the board as of 31 December 2017. Evelyn Kamagaju Rutawenda was the chairperson and Iza Irame was the chief executive officer. [8]

Composition of the Board of Crystal Telecom Limited
RankBoard MemberPositionNotes
1Evelyn Kamagaju Rutawenda Chairperson [8]
2Iza Irame Chief Executive Officer [8]
3Cherno GayeMember [8]
4John Bosco SebabiMember [8]
5David DaluisenMember [8]
Total
5

See also

Related Research Articles

<span class="mw-page-title-main">Rwandatel</span> Defunct Rwandan telephone company

Rwandatel was a telephony company with its headquarters in Kigali, Rwanda.

Cipla Quality Chemical Industries Limited (CiplaQCIL) is a pharmaceutical manufacturing company in Uganda. According to a 2007 published report, it was the only company in Africa that manufactured triple-combination antiretroviral (ARV) drugs. CiplaQCIL also manufactures the antimalarial drug Lumartem, containing artemisinin and lumefantrine, and the Hepatitis B generic medicines Texavir and Zentair.

Bank of Kigali (BK) is a commercial bank in Rwanda. It is licensed by the National Bank of Rwanda.

<span class="mw-page-title-main">Bralirwa Brewery</span> Largest brewer and soft beverage company in 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.

<span class="mw-page-title-main">I&M Bank Rwanda</span> Rwandan bank

I&M Bank Rwanda Plc., is a commercial bank in Rwanda that is licensed by the National Bank of Rwanda. It is the second largest bank in Rwanda.

Compagnie Générale de Banque (Cogebanque), sometimes referred to as Cogebank, is a Rwandan commercial bank. The bank is one of the commercial banks in the Republic of Rwanda, licensed by National Bank of Rwanda, the national banking regulator.

<span class="mw-page-title-main">I&M Holdings Limited</span> Kenyan financial services conglomerate

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.

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.

<span class="mw-page-title-main">Rwanda Stock Exchange</span> Stock exchange located in Kigali, Rwanda

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.

<span class="mw-page-title-main">MTN Rwanda</span> Rwandan telecommunications company

Tigo Rwanda, whose complete name is TIGORwandacell Plc, is the largest telecommunications company in Rwanda, with an estimated 7 million subscribers, accounting for 62 percent market share, as of 30th July 2023.

<span class="mw-page-title-main">MTN Uganda</span> Largest telecom company in Uganda

MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017. By 31 December 2019, its customer base had increased to 12.6 million customers. In March 2021, the Uganda Communications Commission estimated the number of MTN customers in Uganda at 15 million, out of 28.3 million mobile network subscribers, thereby attaining a 53 percent market share.

<span class="mw-page-title-main">Equity Bank Rwanda Limited</span> Bank in Rwanda

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.

<span class="mw-page-title-main">NCBA Group Plc</span> Kenyan financial services conglomerate

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.

<span class="mw-page-title-main">Airtel Africa</span> African subsidiary of Airtel, providing telecommunications and mobile money services

Airtel Africa plc, commonly known as (d/b/a) Airtel, is an Indian multinational company that provides telecommunications and mobile money services in 14 countries in Africa, primarily in East, Central and West Africa. Airtel Africa is majority owned by the Indian telecommunications company Bharti Airtel. Airtel Africa offers mobile voice and data services as well as mobile money services both nationally and internationally. Airtel Nigeria is the most profitable unit of Airtel Africa, due to its cheap data plans in Nigeria. As of March 2019, Airtel had over 99 million subscribers in the continent. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa. UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions.

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.

Atlas Mara Limited, formerly referred to as Atlas Mara Co-Nvest Limited, is a financial services holding company formed to undertake the acquisition of target banks in Africa.

<span class="mw-page-title-main">Equity Group Holdings</span>

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 Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.

<span class="mw-page-title-main">Airtel Uganda</span> Ugandan telecommunications company

Airtel Uganda Limited is a mobile communications and information technology services provider in Uganda. The company also offers mobile funds transfer and banking services known as Airtel Payments Bank. Airtel Uganda Limited is a subsidiary of Airtel Africa PLC.

Cimerwa Cement Limited (CCL) is a manufacturer of cement in Rwanda with capacity of approximately 600,000 tones per year.

References

  1. 1 2 3 Crystal Telecom (2020). "Financial Statements For The Period Ended 31 December 2019" (PDF). Kigali: Crystal Telecom Rwanda. Archived from the original (PDF) on 7 June 2020. Retrieved 7 June 2020.
  2. 1 2 Crystal Telecom Rwanda (7 June 2020). "About Crystal Telecom". Kigali: Crystal Telecom Rwanda. Archived from the original on 7 March 2022. Retrieved 7 June 2020.
  3. ↑ Crystal Telecom (7 June 2020). "Contacts of Crystal Telecom". Kigali: Crystal Telecom Rwanda. Archived from the original on 7 March 2022. Retrieved 7 June 2020.
  4. ↑ Google (7 June 2020). "Location of Headquarters of Crystal Telecom" (Map). Google Maps . Google. Retrieved 7 June 2020.
  5. 1 2 Charles Mwaniki (19 May 2020). "Rwanda's Crystal Telecoms offers Kenyans shares in IPO". The EastAfrican . Nairobi. Retrieved 7 June 2020.
  6. ↑ Collins Mwai (17 June 2015). "Crystal Telecom IPO oversubscribed by 123%". New Times . Kigali. Retrieved 7 June 2020.
  7. ↑ Ben Gasore (14 July 2015). "Market gears up for Crystal Telecom listing on Friday". New Times . Kigali. Retrieved 7 June 2020.
  8. 1 2 3 4 5 6 Crystal Telecom (28 March 2018). "Annual Report For The Year Ended 31 December 2017" (PDF). Kigali: Crystal Telecom. Archived from the original (PDF) on 28 August 2019. Retrieved 8 June 2020.

1°56′47.2″S30°3′37.4″E / 1.946444°S 30.060389°E / -1.946444; 30.060389

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.