29 January 2013

Rwanda: Bank of Kigali Launches Stock Brokerage Service

BK Securities Limited, a wholly owned subsidiary of Bank of Kigali, has received all the required approvals and licenses from the Capital Markets Authority and the National Bank of Rwanda's Central Securities Depository Department to start brokerage services in Rwanda. The company becomes the 9th brokerage firm to be admitted in the Rwanda Stock Exchange.

Initially the company will be offering customers brokerage services with plans to grow its product offering to include Fund Management, Asset Management and Wealth Management as well as Transaction and Corporate Finance Advisory.

Investors have an opportunity to buy and sell shares or bonds under the umbrella BK brands. The firm will be offering brokerage services for all equities listed on the Rwanda Stock Exchange including Bank of Kigali shares.

"This is another big step towards realizing the Bank's Vision of offering universal 'One Stop Shop' financial services to all its clients," noted the Chief Executive Officer

James Gatera. "The admission of the stock brokerage firm to the RSE and commencement of business offers our customers' access to brokerage services, in addition, to the extensive banking services they currently enjoy. Customers will receive up-to-date advice on equity and bond related options from our brokerage staff enabling them to make well informed and timely saving and investment decisions. As the ninth brokerage firm on the Rwandan Bourse, it will take the lead in creating value for the current and potential investors in the market."

Copyright © 2013 Rwanda Focus. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.