Rwanda Stock Exchange

Country
Rwanda
Number of listed companies
8
Domestic market capitalization
1
SSE Partner Exchange

Yes

Has annual sustainability report

No

Requires ESG reporting as a listing rule

No

Has written guidance on ESG reporting

No

Offers ESG related training

No

Has sustainability-related indices

No

Has sustainability bond listing segment

No

Has SME listing platform

Yes

  • RSE Alternative Market Segment, since 2013
Additional information
Organizational model of stock exchange
  • Demutualized at start in 2005.
Regulatory model
  • Capital Market Authority (CMA) was established by the Prime Minister’s Order of 28 March 2007 to initially guide the development of a Capital Market in Rwanda. It was previously referred to as the Capital Market Advisory Council (CMAC) till June 9th ,2011 , CMAC operated as the Capital Market Regulator, pending the creation of the CMA as provided in the Law N°11/2011 of 18/05/2011 published on 9th June, 2011.
  • CMAC facilitated the creation of the RSE as a Stock Exchange and admitted 10 members of the RSE awaiting licensing powers provided in the newly published CMA law. One of the statutory objectives of the Capital Market Authority, CMA is to promote and develop the capital markets industry in Rwanda. Investor education is one of the ways of attaining this goal.
About the stock exchange
Location: Kigali, Rwanda
  • The Rwanda Stock Exchange Limited was incorporated on 7th October 2005 with the objective of carrying out stock market operations.  The Stock Exchange was demutualised from the start as it was registered as a company limited by shares.
Ownership of Exchange (Shares >4% only) Share
Government of Rwanda 20%
Faida Securities Rwanda 10%
African Alliance Rwanda 10%
CDH Capital Ltd 10%
Baraka Capital 10%
MBEA Brokerage & Financial Services Rwanda 10%
Dyer & Blair Rwanada 10%
Rwanda Social Security Board (RSSB) 10%
MAGERWA 6%