Rwanda Over The Counter Exchange

Rwanda Over The Counter Exchange
Parastatal
Industry Stock exchange
Successor Rwanda Stock Exchange
Founded 2008
Defunct January 31, 2011
Headquarters Kigali, Rwanda
Owner Government of Rwanda

History

The Rwanda Over The Counter Market (ROTCE), was a stock market in Rwanda. It was founded on January 31, 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]

Market listing

Symbol Company Notes
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 January 31, 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]

See also

References

  1. ↑ BBC NEWS | Business | Rwanda opens own stock exchange
  2. ↑ Listings On the ROTCE
  3. ↑ Nation Media Group To Crosslist Effective 9 November 2010
  4. ↑ KCB Group to list on All Four EA Exchanges
  5. ↑ Rwanda Stock Exchange Launched
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