How to buy or sell shares and bonds on the RSE

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The Rwanda Stock Exchange Limited was incorporated on 7th October 2005 with the aim of carrying out stock market operations in Rwanda. Trading begun January 31 2011 on a floor located on fifth floor of the Ecobank building in Kigali. The exchange replaced the Rwanda-Over-The-Counter (OTC) market which had operated since 31 Jan 2008.

There are currently four companies listed on the RSE, some of which like Kenya Commercial Bank (KCB – www.kcbbankgroup.com) and Nation Media Group (NMG – www.nationmedia.com) cross-listed in Kampala, Nairobi and Dar es Salaam. The others are beer and soft drinks brewer Brasseries et Limonaderies du Rwanda (BRALIRWA www.bralirwa.com), and Rwanda’s biggest bank Bank of Kigali (BK www.bk.rw)

How to buy or sell shares and bonds on the RSE

After the shares have been allocated to subscribers in the primary market, the company that offered its shares to the public is listed on the Rwanda Stock Exchange (RSE) where shares can only be bought and sold through licensed stockbrokers (stockbrokers are professionals licensed by CMAC to buy and sell shares on behalf of clients. For this service they charge a commission).

The secondary market is the market where already existing shares and bonds are bought and sold through licensed stockbrokers who are members of the RSE. Based on data provided by the CMAC we give you a step-by-step method of how you can buy shares or bonds on the RSE.

Step 1 Open an investment account with your stockbroker

To buy securities, one must open an investment account with a stockbroker for investment and trading in securities.

To open this account one needs to provide 2 recent passport photos and a copy of ID card. The stockbroker will also open a CSD account into which your shares/bonds will be held electronically.

Step 2: Placing a buying or selling order to your stockbroker

To buy shares or bonds you are required to discuss with your stockbroker and then provide your account details.

To buy or sell, you must give written instructions to your stockbrokers.

How does the stockbroker charge me for buying/selling my shares?

CONSIDERATION (Transaction Value),

NET BROKERAGE COMMISSION,

TRANSACTION FEE

INVESTOR COMPENSATION

FUND FEE

CSD SETTLEMENT

TRANSACTION LEVY

TOTAL COST TO INVESTOR

Up to Rwf 100,000, 1.5%, 0.14%, 0.02%, 0.05%, 1.71%

Brokerage plus

Above Rwf 100,000 Open to negotiation Statutory subject to a maximum of 1.5%,0.14% ,0.02% ,0.05%

• Fees are loaded on brokerage commissions

 

To buy/sell share please visit any one of the following Rwanda Stock Exchange members:

Member Contact Address

FAIDA Securities Rwanda Ltd

Centenary House 4th Floor

Avenue de la Paix

KIGALI – Rwanda

Bob Karina

P.O BOX 45236-00100, Nairobi

Email: bob@faidastocks.com

Local: Cecilia Kaunga

Mob: + 250 782859330

Email: Cecilia@fi b.co.ke

DALLAS Securities Brokerage

DALLAS HOUSE

P.O Box 1028

KIGALI

Mrs. Immy Kamarade

Managing Director

Email: immy1965@yahoo.com

Mob: +250 788302113

African Alliance Rwanda

Centenary House Building,

6th Floor

P.O Box 6368 KIGALI

Kenneth Kitariko

Managing Director

Mob: +250 785694490

Email: Securitiesrw@africanalliance.com

rwandaops@gmail.com

mudandil@gmail.com

MBEA Brokerage Services Rwanda

S.A & MBEA Financial Services Sarl

Avenue de la paix

P.O Box 92 KIGALI

Andrew Otengo Owini

Executive Director

Local contact: Davis Gathaara

39 Ave, de la paix

B.P. 3492 Kigali Rwandaa

Tel: +250 255101383

Mob:+250 788803373

Continental Discount House

5th Floor ECOBANK building

P.O Box 6237 KIGALI

Shehzad Noordally

General Manager

Email: shehzadn@cdhrwanda.org.rw

Tel: +250 252570736

Dyer and Blair

Chadel Building

Avenue des Milles Collines

P.O Box 5292 KIGALI

Simon Kalenzi

CEO

Email: spkalenzi@yahoo.com

Tel: +250 570390

CFC STANBIC

2nd Floor, Plot 1320 Karisimbi road

next to Star Times offi ces

P.O Box 968 Kigali

Consolata Mburu

Email: mburu@stanbic.com

Web: www.csfs.co.ke

Mob:+250 252 559 052/12

 

 

 

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About the author

Mr. Sina is the Managing Partner & Chief Editor of RwandaEye. After completing his post-graduation from the Faculty of Economics and Management, National University of Rwanda,he worked in various consulting capacities for equity and business firms in Kigali. A shrewd strategist, he is an Economic Pundit, entrepreneur and Investment Banker.

More posts by | Visit the site of Emmanuel

 

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