Rwanda’s Bourse Launches SME Se­cu­ri­ties Plat­form

Zambian Business Times - - FRONT PAGE -

THE SWITZER­LAND of Africa just launched a Small Medium En­ter­prise – SME se­cu­ri­ties plat­form. For the growth of the coun­try’s econ­omy to sus­tain and keep in­creas­ing, it will re­quire ef­fi­ciency and growth of fi­nan­cial in­sti­tu­tions and deep­en­ing of an ef­fec­tive cap­i­tal mar­ket - Claver Gatete, the min­is­ter of Fi­nance and Eco­nomic Plan­ning has said.

Min­is­ter Gatete was speak­ing at the launch of Rwanda Stock Ex­change sec­ond se­cu­ri­ties plat­form that will be used by the Small and Medium En­ter­prise and other cor­po­rate com­pa­nies to ac­cess cap­i­tal mar­kets.

“With the launch of this mar­ket seg­ment, cit­i­zens will be able to ac­cess op­por­tu­ni­ties to par­tic­i­pate in the suc­cess of prof­itable busi­nesses when they buy shares in

in those com­pa­nies and en­trepreneurs out there will find an al­ter­na­tive source of fi­nanc­ing of their ac­tiv­i­ties,” Min­is­ter Gatete said.

The launch of the sec­ond se­cu­ri­ties plat­form co­in­cided with the first ever Rwanda Stock Ex­change list­ing fo­rum, a busi­ness round ta­ble event meant to fa­cil­i­tate the SME sec­tor and other cor­po­rates to have a prac­ti­cal feel and hands on ex­pe­ri­ence of the cap­i­tal mar­ket process to raise money for their growth and ex­pan­sion.

Held un­der the theme “ac­cel­er­at­ing ac­cess to long term cap­i­tal for small and medium en­ter­prises and other cor­po­rates to grow their busi­ness”, The RSE Listings Fo­rum 2018 is the cli­max to a 2-month aware­ness and pub­lic ed­u­ca­tion cam­paign that took proac­tive mea­sures in tak­ing Rwanda’s cap­i­tal mar­kets to doorsteps of the SME sec­tor.

The ob­jec­tive of the RSE Listings Fo­rum 2018 is to en­gage in gen­uine di­a­logue with other stake­hold­ers on how the SME sec­tor can be fa­cil­i­tated to ac­cess long term fund­ing avail­able through the cap­i­tal mar­kets.

Ac­cord­ing to Pierre Ce­lestin Rwabukumba, the CEO of RSE said that the RSE List­ing Fo­rum will en­able SMEs to ob­tain more tech­ni­cal in­for­ma­tion on the nec­es­sary steps and pro­cesses needed for them to ac­cess fund­ing through the cap­i­tal mar­kets.

“The cam­paign elicited pos­i­tive re­sponses from the SME sec­tor and other cor­po­rates. RSE’s busi­ness to busi­ness en­gage­ment as part of the cam­paign with some of the po­ten­tial SMEs ea­ger to ac­cess cap­i­tal in­di­cated huge po­ten­tial for help­ing SMEs ac­cess long term cap­i­tal through the stock mar­ket” Mr. Rwabukumba said.

The RSE list­ing Fo­rum was or­ga­nized by the Rwanda Stock Ex­change in part­ner­ship with Pri­vate Sec­tor Fed­er­a­tion (PSF) and United States Agency for In­ter­na­tional De­vel­op­ment (USAID).

The event at­tracted over 50 SMEs in­clud­ing start up founders and CEOs.

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