CNBC Africa has helped convey Rwanda’s growth story - Celestine Rwabukumba

In a recent interview with CNBC Africa, Celestine Rwabukumba, CEO of the Rwanda Stock Exchange, highlighted the significant role the channel has played in showcasing Rwanda's economic growth story to the world. Over the past ten years, CNBC Africa has been instrumental in providing exposure to Rwanda's financial markets, thus altering the perception of the stock market and financial news both locally and globally. Rwabukumba commended CNBC Africa for extending the reach of Rwanda's narrative to a broader audience beyond its borders. Previously, Rwanda was reported on remotely, but with the presence of CNBC Africa, the country received international exposure, allowing individuals worldwide to gain insights into Rwanda's economic progress. One of the key themes of the interview was the impact of media channels like CNBC Africa in driving awareness and shaping business reporting practices within local media outlets. Rwabukumba emphasized that CNBC Africa's presence had influenced local media to enhance their business reporting standards, aspiring to mirror the professionalism and global standards set by CNBC. Moreover, Rwabukumba discussed the potential for other media houses to join CNBC Africa in covering Rwanda's economic landscape. As Rwanda continues to grow as a prominent business hub in the region, Rwabukumba believes that other media entities could benefit from Rwanda's economic boom by participating in the coverage of financial news and investment opportunities within the country. Looking ahead, Rwabukumba mentioned upcoming plans for the Rwanda Stock Exchange, hinting at potential new products and offerings in the pipeline for the second quarter. While maintaining secrecy about specific details, Rwabukumba's mention of future developments signals a promising outlook for Rwanda's financial market. Addressing concerns about a specific company, Crystal Telcom, and recent fines it faced, Rwabukumba expressed optimism that ongoing negotiations would lead to favorable outcomes. Despite initial market reactions, Rwabukumba indicated that stakeholders were hopeful for a positive resolution in the near future. As the interview concluded, Rwabukumba reflected on CNBC Africa's decade-long presence in Rwanda, expressing gratitude for the channel's contribution to Rwanda's economic growth narrative. CNBC Africa has become a pivotal platform for showcasing Rwanda's economic development and providing a window into the country's bustling business community. In conclusion, CNBC Africa's coverage has not only spotlighted Rwanda's economic progress but has also influenced local media practices, inspired broader business reporting standards, and set the stage for further growth and collaboration within Rwanda's financial sector.