{"id":13854,"date":"2022-03-24T14:23:10","date_gmt":"2022-03-24T14:23:10","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal"},"modified":"2022-03-24T14:50:50","modified_gmt":"2022-03-24T14:50:50","slug":"rwanda-luxembourg-stock-exchanges-sign-cooperation-deal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal","title":{"rendered":"Rwanda, Luxembourg Stock Exchanges Sign Cooperation Deal"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>In a special Ring the Bell ceremony held in Luxembourg earlier on Wednesday March 23, 2022, in the presence of Rwanda\u2019s Ambassador to Belgium and Luxembourg, Sebashongore, the Luxembourg Stock Exchange (LuxSE) and Rwanda Stock Exchange (RSE) joined together to celebrate the signing of a Memorandum of Understanding (MoU) between the two institutions.<\/p>\n

The MoU aims to establish a long-term cooperation between the two exchanges and contribute to building bridges between the financial services industries in Luxembourg and Rwanda, with a specific focus on the development of sustainable finance in the African country.<\/p>\n

Bridging the gap between Luxembourg and Rwanda Along with the aim of contributing to orderly financial markets through capacity building and skills development within Rwanda\u2019s Kigali International Financial Centre, the MoU will also facilitate joint work on market developments and new products, including a possible future dual-listing scheme between the two institutions.<\/p>\n

\u201cIt is an honour to sign this Memorandum of Understanding with Rwanda Stock Exchange and to welcome its representatives to LuxSE. Stock exchanges have a crucial role to play in facilitating global cooperation when it comes to developing sustainable finance and international capital markets more generally. We look forward to working with Rwanda Stock Exchange and continue our mission to make sustainable finance truly global,\u201d commented Mr Arnaud Delestienne, Director of International Capital Markets and Member of the Executive Committee of LuxSE.<\/p>\n

Creating inclusive and sustainable capital markets Having first opened its doors for trading in January 2011, RSE is an exchange in the East African region which has big ambitions for the development of Rwanda\u2019s capital markets and its future financial outlook.<\/p>\n

CEO of Rwanda Stock Exchange, Mr Pierre Celestin Rwabukumba reemphasised the importance of this agreement for sustainable finance saying that, \u201cToday\u2019s official signing with LuxSE is a testimony to our exchange\u2019s unwavering commitment and support to the sustainable development agenda fronted by our governments. The choice of LuxSE is no accident as it was the first exchange to introduce a platform for green financial instruments and this makes it the ideal venue for anyone in emerging or frontier markets who wants to cooperate and make fast progress in sustainable finance.\u201d<\/p>\n

\u201cWe look forward to building a more resilient market, especially during this time where everyone is emerging from the COVID-19 pandemic and its aftermath.\u201d<\/p>\n

Increased cooperation LuxSE\u2019s clear focus on sustainability through its UN-awarded sustainable finance platform the Luxembourg Green Exchange (LGX), has led the exchange to cooperate with exchanges and other financial institutions in emerging markets to foster sustainable finance across the world.<\/p>\n

Rwanda has launched several initiatives focused on increasing climate change awareness within and beyond its borders. It was the first African nation to ban the single-use of plastic in 2019 and set up Africa\u2019s largest green fund, the National Fund for Environment \u2013 FONERWA in 2012, in order to finance its ambitious plans of being carbon neutral and climate resilient by 2050.<\/p>\n

The MoU between the two exchanges reflects the increased cooperation between Luxembourg and Rwanda. In October 2021, Luxembourg\u2019s Minister of the Economy and Development, Cooperation and Humanitarian Affairs Franz Fayot and Rwanda\u2019s Minister of Finance and Economic Planning Dr. Uzziel Ndagijimana, signed an MoU on the development of a financial centre in Kigali, with a specific focus on capacity building, sustainable finance as well as the establishment of a fintech ecosystem and an impact investment market.<\/p>\n

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

Africa-Press – Rwanda. In a special Ring the Bell ceremony held in Luxembourg earlier on Wednesday March 23, 2022, in the presence of Rwanda\u2019s Ambassador to Belgium and Luxembourg, Sebashongore, the Luxembourg Stock Exchange (LuxSE) and Rwanda Stock Exchange (RSE) joined together to celebrate the signing of a Memorandum of Understanding (MoU) between the two […]<\/p>\n","protected":false},"author":84,"featured_media":13853,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28],"tags":[760,763,758],"class_list":["post-13854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nRwanda, Luxembourg Stock Exchanges Sign Cooperation Deal - Rwanda<\/title>\n<meta name=\"description\" content=\"In a special Ring the Bell ceremony held in Luxembourg earlier on Wednesday March 23, 2022, in the presence of Rwanda\u2019s ...\" \/>\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\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rwanda, Luxembourg Stock Exchanges Sign Cooperation Deal\" \/>\n<meta property=\"og:description\" content=\"In a special Ring the Bell ceremony held in Luxembourg earlier on Wednesday March 23, 2022, in the presence of Rwanda\u2019s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-24T14:23:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-24T14:50:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/03\/img-623c850e4e1cc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\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\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rwanda, Luxembourg Stock Exchanges Sign Cooperation Deal\",\"datePublished\":\"2022-03-24T14:23:10+00:00\",\"dateModified\":\"2022-03-24T14:50:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal\"},\"wordCount\":580,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/03\/img-623c850e4e1cc.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwanda-luxembourg-stock-exchanges-sign-cooperation-deal\",\"name\":\"Rwanda, Luxembourg Stock Exchanges Sign Cooperation Deal - 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