Rwanda’s Iterambere Fund to List on Stock Exchange
TLDR
- The Rwanda National Investment Trust Ltd (RNIT) plans to list its Iterambere Fund on the Rwanda Stock Exchange
- The Rwf43 billion ($35 million) unit trust fund invests in money market instruments, cash deposits, and debt securities
- The listing will provide investors with daily net asset value (NAV) updates, helping them track performance
The Rwanda National Investment Trust Ltd (RNIT) plans to list its Iterambere Fund on the Rwanda Stock Exchange (RSE) to enhance visibility and position it for future market trading.
The Rwf43 billion ($35 million) unit trust fund invests in money market instruments, cash deposits, and debt securities issued by both the government and private sector. Unit trust funds provide low-risk investment options that offer higher returns than traditional savings accounts while maintaining liquidity.
RNIT CEO Jonathan Gatera said the listing will provide investors with daily net asset value (NAV) updates, helping them track performance. While the fund won’t trade immediately, future enhancements will facilitate market transactions.
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Key Takeaways
The fund has seen strong investor activity, with Rwf18 billion worth of units repurchased—indicating reinvestment into business ventures. The Rwanda Stock Exchange (RSE) CEO Pierre-Célestin Rwabukumba encouraged other collective investment schemes (CIS) to list, citing increased investor engagement. Industry experts see growing unit trust funds, ETFs, REITs, and private equity as key to mobilizing domestic savings and deepening Rwanda’s capital markets. The listing of Iterambere Fund marks an important step toward expanding investment options.
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