The Rwanda Stock Exchange (RSE) has joined the regional stock market in East Africa. It is the latest entrant to the market, which the regional stock exchange sees as a major source of revenue from financing, but has been hit by a decline in market equity, fewer rights and initial public offerings offerings, which have suffered heavy losses.
East African stocks are looking for additional revenue from the data-selling market to offset a decline in market value due to a slowdown in the region’s stock market.
This is a diversification of RSE income beyond commercial income. As RSE will not have a new name this year, they did not have any product last year.
More than 10,000 new investors joined the RSE in 2023 enticed by the promising prospects of the expanded range of investment products, full automation of trading activities and conversion of the exchange into a commercial entity through diversification of its revenue streams.
RSE posted a 17 per cent increase in the number of investment accounts to 69,654 active investors in November 2023 from 59,530 in the same period in 2022, according to its latest annual report (2023).
