Rwanda Over The Counter Exchange

Rwanda Over The Counter Exchange
Parastatal
IndustryStock exchange
SuccessorRwanda Stock Exchange
Founded2008
DefunctJanuary 31, 2011
HeadquartersKigali, Rwanda
OwnerGovernment 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]

gollark: It would introduce problems, but the point system could connect itself directly to the IncDec websocket and do stuff to that.
gollark: Okay, actually, I could, just not the page itself.
gollark: But it would be nice to try.
gollark: I can't really touch IncDec.
gollark: *Or*, with the achievements thing, it gives you points but also adds an achievement which you can't remove showing that you are a cheater.

See also

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.
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