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Rwanda and Jamaica are strengthening financial ties after their stock exchanges signed a memorandum of understanding aimed at deepening collaboration between the two markets.
The Rwanda Stock Exchange and the Jamaica Stock Exchange formalized the agreement at the 21st Regional Investments & Capital Markets Conference held in Kingston. The memorandum outlines plans for shared training, knowledge exchange, market development programs and exploration of cross-listings and new financial products.
“This partnership is about more than documents and meetings; it is about sharing experience, growing together, and opening new doors for businesses, investors, and market professionals in both regions,” said Rwanda Stock Exchange CEO Pierre Celestin Rwabukumba.
Jamaica Stock Exchange CEO Livingstone Morrison said the agreement opens the door for the two markets to learn from each other and create new opportunities for listed companies and the broader financial community.
“We are excited to begin this relationship with the Rwanda Stock Exchange,” Morrison said. “By learning from each other and sharing best practices, we believe we can create meaningful opportunities for our markets, our listed companies, and our wider financial communities.”
The memorandum reflects a shared vision of sustainable market growth, innovation and international cooperation. Both exchanges said the collaboration is expected to strengthen their respective markets while creating stronger links between Africa and the Caribbean.
The Rwanda Stock Exchange was established in 2005 and currently lists more than 100 securities, including 10 equities, Treasury bonds and corporate bonds. The Jamaica Stock Exchange, founded in 1968 and launched in 1969, is one of the largest exchanges in the Caribbean by market capitalization.
The agreement marks a new chapter in cooperation between the two exchanges, as they seek to build modern, competitive capital markets through shared expertise and international partnerships.
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