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Rwanda Stock Exchange, Capital Markets Authority to Open Jan. 31

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Jan. 24 (Bloomberg) -- The Rwanda Stock Exchange and Capital Markets Authority will begin operating Jan. 31, Robert Mathu, Executive Director of the Capital Markets Advisory Council said by phone today from the capital, Kigali.

Mathu said a law to separate regulatory functions from market operations may be published this week. He expects “the company and regulatory authority will be activated regardless of publication of the law.”

The commencement date of the two entities coincides with scheduled maiden trading of shares of Heineken NV’s Brassieries et Limonaderies du Rwanda SA, the country’s first such sale.

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To contact the editor responsible for this story: Agnes Nikoi at anikoi@bloomberg.net

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