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Rwanda opens a securities exchange.

The Central Bank of Rwanda (CBR) has opened a securities exchange, the Rwanda Capital Market, in the capital Kigali. Initially it will deal in corporate and treasury bonds, but the CBR says it will include other products such as equities in due course. The CBR issued treasury bonds worth more than $36m to support the stock exchange's opening. President Paul Kagame described the Rwanda Capital Market as a milestone for the nation saying it was "an important achievement which will provide the business community with a second option to financing that is long term and which will inevitably add great value to our economy."
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Title Annotation:Stock markets
Publication:African Business
Article Type:Brief article
Geographic Code:6RWAN
Date:Mar 1, 2008
Words:104
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