{"id":117018,"date":"2025-12-09T16:11:46","date_gmt":"2025-12-09T16:11:46","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/new-multicurrency-market-boosts-foreign-capital-access"},"modified":"2025-12-09T19:24:34","modified_gmt":"2025-12-09T19:24:34","slug":"new-multicurrency-market-boosts-foreign-capital-access","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access","title":{"rendered":"New Multicurrency Market Boosts Foreign Capital Access"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Rwanda Stock Exchange (RSE) recently launched a Multicurrency Denominated Securities Market Segment (MDS), allowing investors to issue and trade securities in multiple currencies for the first time.<\/p>\n

The move is expected to broaden investment opportunities and help businesses access much-needed foreign currency, according RSE said.<\/p>\n

RSE CEO Pierre-Ce\u0301lestin Rwabukumba told The New Times that the rationale behind the initiative is to encourage more people in the capital market.<\/p>\n

\u201cRwanda\u2019s balance of payments is currently negative, meaning we import more than we export. Many of these imports, such as construction materials, are for investment purposes that support long-term economic growth,\u201d he explained.<\/p>\n

Rwabukumba noted that foreign currency mainly comes from the diaspora, exports, donors, and foreign investments. Capital markets, he said, are crucial in mobilising funds across different sectors.<\/p>\n

\u201cUntil now, our laws have recognised only the Rwandan franc as legal tender. But businesses genuinely need access to dollars and other hard currencies,\u201d he said.<\/p>\n

\u201cPreviously, the only way to raise foreign currency was through banks. Our capital market has only supported instruments denominated in francs, such as local bonds and shares,\u201d he added.<\/p>\n

With the introduction of multicurrency trading, Rwabukumba said the capital market will now allow businesses to raise foreign currency and give qualified investors the option to invest in either Rwandan francs or foreign currencies.<\/p>\n

\u201cThis opens up the economy to a broader pool of resources and enhances efficiency in financing,\u201d he added.<\/p>\n

He also highlighted Rwanda\u2019s growing reputation as an international financial centre.<\/p>\n

\u201cWithout innovations like multicurrency trading, we would be less competitive. This benefits local businesses and international companies that use Rwanda as a platform to raise capital for ventures both within and beyond the country,\u201d Rwabukumba said.<\/p>\n

The new segment complements the wider financial ecosystem, including the Kigali Innovation City and the Kigali International Financial Centre (KIFC), by enabling long-term financing in hard currency and providing investors with more options.<\/p>\n

According to RSE officials, it also aligns with the recently introduced green exchange, which focuses on sustainability-linked instruments.<\/p>\n

Who will benefit?<\/p>\n

Rwabukumba explained that not everyone will be allowed to use the system. \u201cThis is designed to encourage foreign investors, Rwandans in the diaspora, and businesses in Rwanda that earn in foreign currencies.<\/p>\n

For example, companies in sectors like tea, which already earn in foreign currencies, will be allowed to invest through this platform. The system is regulated to prevent misuse and ensure legal compliance.<\/p>\n

Looking ahead, \u201cwe will conduct awareness campaigns to help people understand the system, ensure regulations are followed, and encourage continued active engagement,\u201d he added.<\/p>\n

Learning from other countries<\/p>\n

Rwanda looked at similar markets in Africa and beyond before introducing the platform.<\/p>\n

\u201cMauritius is strong in multicurrency trading, but we also studied countries like Jamaica and Luxembourg. Jamaica, a small country with a population almost similar to ours, has twice been the top-performing capital market in the world in the last five years,\u201d Rwabukumba said.<\/p>\n

He added that similar products in these countries have helped small and medium enterprises (SMEs) develop by providing access to finance in foreign currencies. \u201cIf we manage this well, we will be able to finance more projects locally while attracting international investors.\u201d<\/p>\n

Olivier Muneza, a market analyst and CEO of Mo Capital, said the new segment will particularly benefit businesses that rely on foreign currencies, such as those importing materials.<\/p>\n

\u201cInvestors have been asking for this option. It is timely and, because it will be regulated, the risks of misuse are minimal,\u201d he weighed in.<\/p>\n

Muneza also noted that offering investment opportunities in foreign currencies will attract more investors to Rwanda\u2019s market and encourage broader participation.<\/p>\n

For More News And Analysis About Rwanda<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Rwanda Stock Exchange (RSE) recently launched a Multicurrency Denominated Securities Market Segment (MDS), allowing investors to issue and trade securities in multiple currencies for the first time. The move is expected to broaden investment opportunities and help businesses access much-needed foreign currency, according RSE said. RSE CEO Pierre-Ce\u0301lestin Rwabukumba told The New […]<\/p>\n","protected":false},"author":84,"featured_media":117017,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,14],"tags":[7785,8973,8885,758,3714],"class_list":["post-117018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-policy","tag-capital-markets","tag-foreign-investment","tag-multicurrency-trading","tag-rwanda","tag-rwanda-stock-exchange"],"yoast_head":"\nNew Multicurrency Market Boosts Foreign Capital Access - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwanda Stock Exchange (RSE) recently launched a Multicurrency Denominated Securities Market Segment (MDS), allowing inve ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Multicurrency Market Boosts Foreign Capital Access\" \/>\n<meta property=\"og:description\" content=\"Rwanda Stock Exchange (RSE) recently launched a Multicurrency Denominated Securities Market Segment (MDS), allowing inve ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-09T16:11:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-09T19:24:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2025\/12\/sm_1765292538.433764.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"583\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"New Multicurrency Market Boosts Foreign Capital Access\",\"datePublished\":\"2025-12-09T16:11:46+00:00\",\"dateModified\":\"2025-12-09T19:24:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access\"},\"wordCount\":623,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2025\/12\/sm_1765292538.433764.jpg\",\"keywords\":[\"Capital markets\",\"Foreign investment\",\"Multicurrency trading\",\"Rwanda\",\"Rwanda Stock Exchange\"],\"articleSection\":[\"all news\",\"Economy\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/new-multicurrency-market-boosts-foreign-capital-access\",\"name\":\"New Multicurrency Market Boosts Foreign Capital Access - 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