Rwanda Over The Counter Exchange

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Rwanda Over The Counter Exchange
Company type Parastatal
Industry Stock exchange
Founded2008
Defunct31 January 2011
Successor Rwanda Stock Exchange
Headquarters Kigali, Rwanda
Owner Government of Rwanda

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. [1] 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: [2]

Contents

Market listing

SymbolCompanyNotes
1. BLRW Bralirwa Brewing, Bottling
2. KCB KCB Group Finance, Banking
3. NMG Nation Media Group [3] Publishing, Printing, Broadcasting, Television

Cessation of activities and replacement

On 31 January 2011, the activities of Rwanda Over The Counter Exchange were taken over by the Rwanda Stock Exchange, whose activities are supervised by the Capital Markets Advisory Council (CMAC). [5]

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References

  1. ↑ "BBC NEWS | Business | Rwanda opens own stock exchange". news.bbc.co.uk. 31 January 2008. Retrieved 30 August 2017.
  2. ↑ Gahamanyi, John (10 September 2009). "Rwanda: Govt Bourse Boosted As Bralirwa IPO Gains Momentum". The New Times (Kigali). Retrieved 30 August 2017.
  3. ↑ Nation Media Group To Crosslist Effective 9 November 2010
  4. ↑ KCB Group to list on All Four EA Exchanges
  5. ↑ Times, The New. "The New Times | Rwanda". www.newtimes.co.rw. Retrieved 30 August 2017.
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