Rwanda : Kenya set for massive presence at RSE

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The usually muted activity at the Rwanda Stock Exchange (RSE) is set to get just a bit rowdier.

Three Kenyan companies are reportedly set to cross list on the RSE, according to Capital Markets Authority Executive Director Robert Mathu.

The new entrants are regional banking stalwart Equity Bank, lubricants and motor oil dealer KenolKobil and Centum, an investment company.

The exact date of entry, however, remains unknown.

Equity Bank, one of the most profitable companies in East Africa, has a regional presence in five countries – Rwanda, Kenya, Uganda, South Sudan, and Tanzania.

KenolKobil Ltd (KNOC) is recognized as Kenya’s top lubricants marketer with an expansive business presence in the country. Its main brands Kobil, Kenol and Castrol dominate the Kenyan market.

Centum Investment Company Limited (Centum) is the largest quoted investment company in East Africa listed on the Nairobi Stock Exchange (NSE).

 

 

 

 

 

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About the author

Ashley Stuart is the Editor (English) for RwandaEye. She has worked as the lead project manager for Dunkirk Business Consultancy and is an authority on Foreign Markets. She is the major contributor of English articles for RwandaEye.

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