Rwanda Over The Counter Exchange
Encyclopedia
The Rwanda Over The Counter Market (ROTCE), was a stock market
in Rwanda
. It was founded on January 31, 2008 and operated out of the Rwandan capital of Kigali
. 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. the listed equities on the exchange are as summarized in the table below:
, whose activities are supervised by the Capital Markets Advisory Council (CMAC).
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...
in Rwanda
Rwanda
Rwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
. It was founded on January 31, 2008 and operated out of the Rwandan capital of Kigali
Kigali
Kigali, population 965,398 , is the capital and largest city of Rwanda. It is situated near the geographic centre of the nation, and has been the economic, cultural, and transport hub of Rwanda since it became capital at independence in 1962. The main residence and offices of the President of...
. 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
National Bank of Rwanda
The National Bank of Rwanda is the central bank of Rwanda. The bank was founded in 1964 and is quartered in Kigali; it operates Rwanda's principal securities exchange, the Rwanda Over The Counter Exchange.-History:...
and one by the Commercial Bank of Rwanda
Commercial Bank of Rwanda
Banque Commerciale du Rwanda or Commercial Bank of Rwanda, is a commercial bank in Rwanda. The bank is one of the ten licensed commercial banks in the Republic of Rwanda.-History:...
. Later in 2009, equities began being listed on the exchange. the listed equities on the exchange are as summarized in the table below:
Market listing
| Symbol | Company | Notes |
|---|---|---|
| 1. BLRW | Bralirwa Bralirwa Bralirwa, also known by its French name Brasseries et Limonaderies du Rwanda, is the largest brewer and soft beverage company in the Republic of Rwanda.-History:The history of Bralirwa goes back to 1957... |
Brewing Brewing Brewing is the production of beer through steeping a starch source in water and then fermenting with yeast. Brewing has taken place since around the 6th millennium BCE, and archeological evidence suggests that this technique was used in ancient Egypt... , Bottling |
| 2. KCB | KCB Group | Finance Finance "Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created... , Banking |
| 3. NMG | Nation Media Group Nation Media Group Nation Media Group 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 Tanzania... |
Publishing Publishing Publishing is the process of production and dissemination of literature or information—the activity of making information available to the general public... , Printing Printing Printing is a process for reproducing text and image, typically with ink on paper using a printing press. It is often carried out as a large-scale industrial process, and is an essential part of publishing and transaction printing.... , Broadcasting Broadcasting Broadcasting is the distribution of audio and video content to a dispersed audience via any audio visual medium. Receiving parties may include the general public or a relatively large subset of thereof... , Television Television Television is a telecommunication medium for transmitting and receiving moving images that can be monochrome or colored, with accompanying sound... |
- Kenya Commercial Bank GroupKenya Commercial Bank GroupKenya Commercial Bank Group, also known as KCB Group, is a financial services organization in East Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Burundi, Rwanda, South Sudan, Tanzania and Uganda.-Overview:...
is crosslisted on the Nairobi Stock ExchangeNairobi Stock ExchangeThe Nairobi Securities Exchange is the principal stock exchange of Kenya. It began in 1954 as an overseas stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African Stock Exchanges Association...
, the Dar-es-Salaam Stock ExchangeDar-es-Salaam Stock ExchangeThe Dar es Salaam Stock Exchange is a stock exchange located in Dar es Salaam, the 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. The exchange is open five days a week, from Monday through...
and on the Rwanda Over The Counter Exchange. - Nation Media GroupNation Media GroupNation Media Group 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 Tanzania...
is crosslisted on the Nairobi Stock ExchangeNairobi Stock ExchangeThe Nairobi Securities Exchange is the principal stock exchange of Kenya. It began in 1954 as an overseas stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African Stock Exchanges Association...
and on the Uganda Securities ExchangeUganda Securities ExchangeThe Uganda Securities Exchange 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.The exchange's doors opened to trading in...
.
Cessation of activities and replacement
On 31 January 2011, the activities of Rwanda Over The Counter Exchange were taken over by the Rwanda Stock ExchangeRwanda Stock Exchange
The Rwanda Stock Exchange , is Rwanda's principal stock exchange. It was founded in January 2011. The RSE is operated under the jurisdiction of Rwanda's Capital Markets Advisory Council, , which in turn reports to National Bank of Rwanda, the country's Central Bank.The exchange's doors opened for...
, whose activities are supervised by the Capital Markets Advisory Council (CMAC).