Rwanda Stock Exchange optimistic about 2022

The Rwanda Stock Exchange (RSE) had a successful year in 2021, witnessing the listing of MTN Rwanda and the first-ever private bond. CNBC Africa had a conversation with Celestin Rwabukumba, the CEO of the RSE, to delve into the expectations and plans for 2022. Rwabukumba highlighted that 2021 surpassed their targets, with more listings and increased activity compared to the previous year. Notable mentions were MTN Rwanda's listing and the corporate bond from a small enterprise in the energy sector. Despite challenges due to the pandemic, the market remained resilient and performed better than expected. While the RSE is relatively young compared to exchanges like Nairobi Securities Exchange, efforts are underway to enhance investor education and engagement. Rwabukumba emphasized the importance of introducing new products and educating the public to boost market participation. Additionally, he discussed plans to automate the market fully and introduce market making to attract more investors. Looking at 2022, the RSE anticipates more companies listing, potential introduction of real estate finance products, and market surprises in store. The CEO also touched upon the growth of the Kigali International Finance Center and its role in attracting capital inflows to Rwanda's economy. The RSE aims to position itself as a key financial hub in the region. With positive economic growth and increasing interest in investment opportunities, the outlook for the RSE in 2022 appears promising.