Rwanda Over The Counter Exchange

Rwanda Over The Counter Exchange

Former type	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

• 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.[4]
• Nation Media Group is crosslisted on the Nairobi Stock Exchange and on the Uganda Securities Exchange.

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

• Rwanda Stock Exchange
• List of African stock exchanges

References

1. "BBC NEWS | Business | Rwanda opens own stock exchange". news.bbc.co.uk. Retrieved 30 August 2017.
2. Gahamanyi, John (10 September 2009). "Rwanda: Govt Bourse Boosted As Bralirwa IPO Gains Momentum". The New Times (Kigali). Retrieved 30 August 2017.
3. Nation Media Group To Crosslist Effective 9 November 2010
4. KCB Group to list on All Four EA Exchanges
5. Times, The New. "The New Times | Rwanda". www.newtimes.co.rw. Retrieved 30 August 2017.