MTN Rwandacell, First Telco to List on Rwanda Stock Exchange

MTN Rwandacell lists on the Rwanda Stock Exchange Main Investment Market Segment(MIMS).

Telecommunications group MTN Rwandacell became the first mobile network operator to list its shares on the Rwanda Stock Exchange (RSE).

The listing by introduction turns Crystal Telecoms’ (CTL) shareholders into direct shareholders in MTN Rwanda.

“The MTN listing is particularly significant because it is an addition of a leading brand to the exchange and will offer more visibility which will trigger more interest from other potential new investors to join,” Celestine Rwabukumba, the CEO of RSE said.

The listing will see 1,350,886,600 ordinary shares with a nominal value of Rwf 1 each being registered with the RSE at an initial listing price of Rwf269 per ordinary share.