Rwanda Stock Exchange
Encyclopedia
The Rwanda Stock Exchange (RSE), 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, (CMAC), which in turn reports to National Bank of Rwanda
, the country's Central Bank
.
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:BLRW. The Rwanda Stock Exchange replaced the Rwanda Over The Counter Exchange
that had been in operation since January 2008. Having successfully launched Bralirwa, as its pioneer Initial Public Offering
(IPO), the RSE is in preparation for its next IPO which is expected to be Bank of Kigali
, coming in Q4:2011.
, the RSE trades three (3) listed local and East African
companies and also carries out trading of fixed income instruments. 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 are to integrate the four (04) stock exchanges to form a single East African bourse.
In February 2011, the National Bank of Rwanda
, the country's Central Bank
, contracted Central Depository and Settlement Corporation (CDSC), a Kenya
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.
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...
's principal stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
. It was founded in January 2011. The RSE
RSE
RSE may refer to:*Relative standard error, a measure of a statistical estimate's reliability*Rhymesayers Entertainment, an independent hip hop record label*Rensselaer Society of Engineers, a local fraternity at Rensselaer Polytechnic Institute...
is operated under the jurisdiction of 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...
's Capital Markets Advisory Council, (CMAC), which in turn reports to 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:...
, the country's Central Bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
.
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
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...
, which trades under the symbol:BLRW. The Rwanda Stock Exchange replaced the Rwanda Over The Counter Exchange
Rwanda Over The Counter Exchange
The Rwanda Over The Counter Market , 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...
that had been in operation since January 2008. Having successfully launched Bralirwa, as its pioneer Initial Public Offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
(IPO), the RSE is in preparation for its next IPO which is expected to be Bank of Kigali
Bank of Kigali
Bank of Kigali is a commercial bank in the Republic of Rwanda. The bank is one of the ten commercial banks licensed by the National Bank of Rwanda, the country's banking regulator.-Overview:...
, coming in Q4:2011.
, the RSE trades three (3) listed local and East African
East African
East African may refer to:*Any person or object of, or pertaining to, East Africa*East African Airlines, an airline based in Kampala, Uganda*East African Safari Air, a now defunct airline based in Kenya*The EastAfrican, a weekly newspaper in East Africa...
companies and also carries out trading of fixed income instruments. The exchange, which is open five days a week, is a member of the African Stock Exchanges Association
African Stock Exchanges Association
The was incorporated in 1993 in the Republic of Kenya. ASEA's aim is to provide a formal framework for the mutual co-operation of stock exchanges in the African region. Its functions include the exchange of information and assistance in the development of member exchanges.There are 29 exchanges...
. The RSE operates in close association with the Nairobi Stock Exchange
Nairobi Stock Exchange
The 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...
in Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, the Dar-es-Salaam Stock Exchange
Dar-es-Salaam Stock Exchange
The 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...
in Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
and the Uganda Securities Exchange
Uganda Securities Exchange
The 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...
in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. There are plans are to integrate the four (04) stock exchanges to form a single East African bourse.
In February 2011, 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:...
, the country's Central Bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
, contracted Central Depository and Settlement Corporation (CDSC), a Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
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.
Market listing
| Number | 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 | Kenya Commercial Bank Group Kenya Commercial Bank Group Kenya 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:... |
Banking, 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... |
| 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... |
| 4. | BOK | Bank of Kigali Bank of Kigali Bank of Kigali is a commercial bank in the Republic of Rwanda. The bank is one of the ten commercial banks licensed by the National Bank of Rwanda, the country's banking regulator.-Overview:... |
Banking, 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... |
- 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:...
and 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...
are 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 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...
.
External links
See also
- Economy of RwandaEconomy of RwandaRwanda is a rural country with about 70% of the population engaged in agriculture. It is the most densely populated country in Africa; is landlocked; and has few natural resources and minimal industry. Primary exports are coffee and tea...
- List of stock exchanges
- List of African stock exchanges
- 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...
- 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...
- 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...