Rwanda Stock Exchange signs cross-listing agreement with Mauritius-based AFRINEX

The Rwanda Stock Exchange (RSE) signed a memorandum of understanding with AFRINEX, a pan-African international securities exchange based in Mauritius, on 24 August 2026, the RSE said. The agreement aims to give Rwandan companies access to international capital and investors more opportunities across both markets.

The memorandum sets out a framework for dual and cross-listings, cross-border investor participation, knowledge sharing and other market-development work between the two exchanges. As of July 2026, securities on the AFRINEX Securities List had a combined market capitalisation of about US$12.6 billion.

RSE chief executive Pierre-Célestin Rwabukumba said the exchange's role is to "connect ambition with capital" and that the agreement creates another route for Rwandan businesses to reach investors. AFRINEX chief executive Thapelo Tsheole said the aim is more cross-listings, joint listings and investment across the two markets, and the partnership is also expected to raise the RSE's profile among investors in India and Asia.

The RSE was incorporated in 2005 and has slightly over 100 listed securities, including 10 equity listings, Treasury bonds and corporate bonds. In March 2026 it held a listings forum encouraging small and medium-sized companies to use its Investment Clinic for help with financial reporting and governance.

For companies considering a listing, a cross-listing route could widen the investor base beyond Rwanda. Listing rules remain set by the Capital Market Authority, and each exchange applies its own admission requirements.