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Rwanda Over The Counter Exchange

BUUTAY K BUU

Field	Value
name	Rwanda Over The Counter Exchange
type	Parastatal
foundation	2008
location	Kigali, Rwanda
industry	Stock exchange
successor	Rwanda Stock Exchange	defunct = 31 January 2011	owner = Government of Rwanda

The Rwanda Over The Counter Market (ROTCE), was a stock market in Rwanda. It was founded on 31 January 2008 and operated out of Kigali, the capital city of Rwanda. 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:

Market listing

Symbol	Company	Notes
1. BLRW	Bralirwa	Brewing, Bottling
2. KCB	KCB Group	Finance, Banking
3. NMG	Nation Media Group	Publishing, Printing, Broadcasting, Television

Kenya Commercial Bank Group is crosslisted on the Nairobi Stock Exchange, the Dar es Salaam Stock Exchange and on the Rwanda Over The Counter Exchange.
Nation Media Group is crosslisted on the Nairobi Stock Exchange and on the Uganda Securities Exchange.

Cessation of activities and replacement

On 31 January 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).

References

(31 January 2008). "BBC NEWS {{!}} Business {{!}} Rwanda opens own stock exchange".
Gahamanyi, John. (2009-09-10). "Rwanda: Govt Bourse Boosted As Bralirwa IPO Gains Momentum". The New Times (Kigali).
[http://www.monitor.co.ug/Business/Commodities/-/688610/1027586/-/bte9hg/-/index.html Nation Media Group To Crosslist Effective 9 November 2010]
[http://newvision.co.ug/D/8/220/685151 KCB Group to list on All Four EA Exchanges]
Times, The New. "The New Times {{!}} Rwanda".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

stock-exchanges-in-africa economy-of-rwanda government-owned-companies-of-rwanda 2008-establishments-in-rwanda financial-services-companies-disestablished-in-2011 defunct-companies-of-rwanda financial-services-companies-established-in-2008 defunct-stock-exchanges

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