Monday, March 3, 2008

Regional investors eye Rwanda bourse

By JULIUS BARIGABA Special Correspondent The East African

"East African investors are keenly awaiting the start of equity trading on the recently launched Rwanda Stock Exchange, expected to take place by June this year.

The bourse, which was started last month, is still trading in bonds, with three listed products so far. The country’s Central Bank has issued two Treasury-bonds worth $9.1 million each, while one corporate bond issued by the Rwanda Commercial Bank is worth $1.8 million.

A source told The EastAfrican last week that two more private sector companies are also “on the verge of issuing more bonds to raise capital” on the bourse. The Central Bank will issue a series of bonds — one bond per month."


Category: Rwanda + Stock + Investment + Economy

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