By the end of 2019, Rwanda Stock Exchange (RSE) had surpassed $1 billion in trading marking a major milestone in its eight-year history. According to RSE, some $761 million have been raised in the primary market while $306 million has been traded on the secondary market. Also, the Rwandan government and the World Bank announced during the summit that they will be launching a 3-year, fixed-rate, RWF-denominated bond worth $40 million at the London Stock Exchange. Celestin Rwabukumba, CEO of Rwanda Stock Exchange joins CNBC Africa for more.
Kenya has secured $1.7 billion from the UK in investments deals during the UK-Africa Investment Summit. Furthermore, UK signed a new Memorandum of Understanding (MoU) to collaborate on mobilizing private finance into Kenyan projects. Also, the Rwandan government and the World Bank announced during the summit that they will be launching a 3-year, fixed-rate, RWF-denominated bond worth $40 million at the London Stock Exchange. Analyst Ted Kaberuka, joins CNBC Africa to make light of the deals and look into the UK-Africa relations.
Moody’s Investor Service assigned a provisional B1 rating to the Acorn Project, a special purpose, limited liability partnership established under the laws of Kenya to issue up to Ksh5 billion of fixed-rate, senior secured Notes due 2024 under a MTN programme to part fund the construction of student accommodation buildings and other transaction costs in Nairobi. Christopher Bredholt, Moody's Vice President, Senior Credit Officer and Lead Analyst for the Issuer joins CNBC Africa for more.