Browsing: EPC Africa Group

Rwanda Stock Exchange (RSE)

ENERGICOTEL (ECTL) PLC, a member of EPC Africa Group, an independent power producer and an engineering consulting company has debut on Rwanda Stock Exchange (RSE).

The firm had in June announced in a statement that it had received regulatory approval to issue and list a Corporate Bond on the RSE.

On Monday August 16, 2021, RSE started trading Energicotel’s first-ever corporate bond.

This is the third corporate bond to be listed since the establishment of the RSE after the ones by the International Finance Corporation (IFC) and local lender BCR—which was acquired by I&M bank

Corporate bond

The launch of the listing of the Rwf 6.5 billion ($6.4 million) long-term fixed rate corporate bond was presided over by the Minister of Infrastructure, Claver Gatete.

Several government officials, particularly from the finance sector, as well as investors also attended the bell-ringing ceremony.

Energicotel operate three hydropower plants in Rwanda, with a …