The Rwanda Stock Exchange is targeting to lure two initial public offerings this year, betting economic growth that’s averaged more than 6.6% in the past decade will spur companies to expand.
The RSE last had an IPO in 2021 when it listed the local unit of Africa’s biggest telecommunications company, MTN Group Ltd. That took the stocks on the board to 10, half of which are secondary listings. Market capitalization could climb by as much as 10% this year from about 3.8 trillion francs ($2.7 billion), paced by the new listings, according to Chief Executive Officer
“We’ve ...