| SSE Initiative

Name	Rwanda Stock Exchange (RSE)
Country	Rwanda
Number of listed companies	10
Domestic market capitalization	3,573 million US$
SSE Partner Exchange	Yes
Has annual sustainability report	No
ESG reporting required as a listing rule	No
Has written guidance on ESG reporting	No
Offers ESG related training	Yes
Market covered by sustainability-related index	No
Has sustainability bond listing segment	No
Has SME listing platform	Yes RSE Alternative Market Segment, since 2013.
Women on boards mandatory minimum rule	No
Additional information
Organizational model of stock exchange	Demutualized at start in 2005.
Regulatory bodies	Rwanda's Capital Market Authority (CMA).
Regulatory model	Capital Market Authority (CMA) was established by the Prime Ministers Order of 28 March 2007 to initially guide the development of a Capital Market in Rwanda. It was previously referred to as the Capital Market Advisory Council (CMAC) till June 9th ,2011 , CMAC operated as the Capital Market Regulator, pending the creation of the CMA as provided in the Law N11/2011 of 18/05/2011 published on 9th June, 2011. CMAC facilitated the creation of the RSE as a Stock Exchange and admitted 10 members of the RSE awaiting licensing powers provided in the newly published CMA law. One of the statutory objectives of the Capital Market Authority, CMA is to promote and develop the capital markets industry in Rwanda. Investor education is one of the ways of attaining this goal.
About the stock exchange	Location: Kigali, Rwanda The Rwanda Stock Exchange Limited was incorporated on 7th October 2005 with the objective of carrying out stock market operations. The Stock Exchange was demutualised from the start as it was registered as a company limited by shares.