Joined June 2024
I was honored to meet with H.E. Duma Boko, President of the Republic of Botswana, in my capacity as the Chairman of the Diamonds for Development Fund. The Fund, which is independent, is working to support Botwana’s drive to diversify its economy, expand exports, industrialize and create jobs. Our mandate is clear: a catalytic investment platform for crowding in larger pools of domestic and international capital into businesses and strategic intervention areas that advance Botswana’s economic diversification, productivity, competitiveness, expansion of exports and creation of jobs. Pula! Ke a leboga! @duma_boko
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June 3: Afrinex Mauritius Going Live in 3Q, ZSE Cuts Listing Threshold to $1mn from $10mn Mauritius-based Afrinex Exchange is targeting a third-quarter 2026 launch, according to CEO Thapelo Tsheole. Speaking to Frontier Africa Report's Boason Omofaye, Tsheole reviewed the exchange's first-quarter activities, including the recent listing of NHC Foods' US$27 million foreign currency convertible bond, as Afrinex positions itself as a bridge between African and international capital markets. Meanwhile, The Zimbabwe Stock Exchange has reduced its minimum listing threshold from US$10 million to US$1 million as part of efforts to attract more companies and revive market activity. The reforms also include relaxed free-float and shareholder spread requirements and will remain in place for three years. The move comes as the exchange seeks to improve competitiveness amid growing competition from the Victoria Falls Stock Exchange. On the equities market today, the ZSE advanced 0.84%, while Egypt’s EGX slipped 0.69%. The BRVM also closed higher, gaining 0.82%. In currencies, the Kenyan shilling eased 0.02%, while the CFA franc strengthened by 0.28%. For more updates and analysis, make sure to follow Frontier Africa Reports on LinkedIn and Facebook, X @FrontierAFR, Instagram @frontierafrlive, and visit frontierafricareports.com @AFRINEXEXCHANGE @TTsheole_ @BBoason @BOU_Official @ZSE_ZW @VFEX_ZW @KDC_KE @canalplus @JSE_Group @TelecomNamibia @Tate_TBEC @WorldBankGroup @AfDB_Group @EricOpokuMP @mofagovgh @StanbicBankZM @SPGlobal @SPGlobalRatings
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Today, Rwanda Stock Exchange (@RwStockExchange) and AFRINEX (@AFRINEXEXCHANGE) formalised a strategic partnership through the signing of a Memorandum of Understanding (MoU) by RSE Chief Executive Officer Pierre Celestin Rwabukumba and AFRINEX Chief Executive Officer Thapelo Tsheole. This collaboration aims to strengthen cooperation and deepen connections between Rwanda and broader African and international capital markets. Key areas of focus include dual and cross-listings, cross-border investment facilitation, knowledge sharing, and joint market development initiatives. The partnership is expected to create meaningful opportunities for issuers and investors, while contributing to the growth and integration of capital markets across the region. #RSEat15 #AFRINEX #CapitalMarkets
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KIFC and @AFRINEXEXCHANGE discussed potential areas of collaboration, with a focus on strengthening cross-border market integration and broadening investor participation across Africa. During a courtesy visit by Mr Thapelo Tsheole, CEO of AFRINEX, the conversation explored AFRINEX’s offering and its contribution to Africa’s capital markets. The Mauritius-based pan-African securities exchange provides multi-asset and multi-currency platforms for listing, trading and capital raising. KIFC continues to foster partnerships that strengthen Africa’s financial markets, facilitate cross-border investment and contribute to a more connected and competitive investment ecosystem across the continent.
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Speaking at a panel during the celebration of the 5th Anniversary of @Kigali_IFC, CEO @TTsheole_ said #Rwanda’s capital market is central to Kigali’s rise as a financial hub. He pointed to a clear, well-structured legal framework as the backbone of investor trust. #KIFCAtFive
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#CMARwanda held a meet-and-greet for its newly appointed Board, attended by Chairperson @MarcHoltzman and Minister @TesiRusagara. The Board also bid farewell to CEO @TTsheole_ and recognises his contribution to Rwanda’s capital market. #RwandaCapitalMarket
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Our Chairperson @MarcHoltzman met @RwandaAgri's Minister @T_Ndabamenye and Minister of State @SolangeUwituze to discuss how Rwanda’s capital market, under the commodities exchange policy framework, can better serve the agriculture sector. #RwandaCapitalMarket
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Today, Mr. @TTsheole_ , CEO of @CMARwanda , and Mr. @ShyakaMichaelN , CEO of @Afri_GlobalP , signed a Memorandum of Understanding (MOU).This partnership focuses on investor education, diaspora engagement, & expanding capital market access for entrepreneurs and MSMEs.The MOU aim
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Today, our Chairperson @MarcHoltzman extended his sincere appreciation to His Excellency President Kagame for his strong support of the development of Rwanda‘s capital markets and discussed future plans to significantly grow the size, breath and scope of the domestic markets.
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Today, the recently appointed CMA Board of Directors convened its first meeting under the leadership of Chairperson @MarcHoltzman. The Board assessed the 2024/25 fiscal year performance & set priorities for the current year to reinforce the Authority’s role &overall performance.
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Chairperson @MarcHoltzman met with CMA’s team to reflect on how Rwanda’s capital market supports long-term national development by channelling capital to both public & private sector priorities. He said that robust regulation forms a central pillar of capital‑market development.
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RNIT-Iterambere Fund keeps growing! 📈 AUM has reached Rwf 83.3B as more Rwandans choose smart investing. This week: • NAV: 259.99 • Sales: Rwf 419,181,990 Let your money grow too. Join thousands earning reliable returns! Start today 👉 *589# / shora.rnit.rw
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Weekly Trading Statistics. #BazaRSE
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Students of @PUR_RWANDA , Karongi Campus have held a study visit at @CMARwanda and @RwStockExchange with objectives of gaining practical insights on financial market and how the securities(bonds,T-bills,debentures,equities, commercial papers,..) are traded in Rwanda.
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CMA received students from @PUR_RWANDA under its investor education programme. Students were urged to take part in the capital market as future professionals and investors. The session covered investor protection, market products, & how the capital market drives Rwanda’s growth.
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They are reminded that it is in this journey of investment, we will achieve a high-income economy Rwanda by 2050 as per its vision 2050. Together we will achieve more. Long life to our Prostant University of Rwanda, to Capital market Authority and Rwanda Stock Exchange. Thank you
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𝐖𝐡𝐚𝐭 𝐭𝐡𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐬𝐬𝐮𝐞𝐫 𝐑𝐨𝐚𝐝𝐬𝐡𝐨𝐰𝐬 2025 𝐇𝐚𝐯𝐞 𝐋𝐞𝐟𝐭 𝐁𝐞𝐡𝐢𝐧𝐝? It served as a strategic platform to engage potential issuers, investors, & key stakeholders across Rwanda’s capital market. youtube.com/watch?v=lrNBL035…
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This evening in Washington, D.C., President Kagame met with Senator Lindsey Graham @LindseyGrahamSC. They discussed ways to deepen collaboration between Rwanda and the United States in various key strategic areas, including conservation, security and economic partnership.
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