The 10 Best Shares To Buy in Rwanda revealed. We tested and verified the best shares to buy for Rwandan Traders.
This is a complete list of shares and stocks to buy in Rwanda.
In this in-depth guide you’ll learn:
- What are shares?
- What are the basics of share trading?
- The advantages of buying shares for Rwandans.
- When is the best time to buy shares?
- Which stocks have the highest paying dividends?
- How to buy Shares?
- Which stocks are undervalued in Rwanda?
- What are the top 10 tested and verified shares to buy in Rwanda?
- Who the best Rwandan Share brokers are in 2024?
- Rwanda stock exchange
- List of the best stock exchange brokers in Rwanda.
And lots more…
So if you’re ready to go “all in” with the best shares to buy for Rwandans…
Let’s dive right in…
10 Best Forex Brokers in Rwanda for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
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- Louis Schoeman
Best Shares to Buy in Rwandan – Comparison
| 🥇 Share | ⏰ Status | 💵 Current Live Price | 🔁 1 Year Change | 🔄 YTD Change | 🗓 52-Week Range | 👉 Open Account |
| ➡️ Wema Bank Plc | Active | 3,84 RWF | +370% | +279% | 0.55 to 2.76 | 👉 Open Account |
| ➡️ Academy Press Plc | Active | 2,61 RWF | +330% | +254% | 0.32 to 2.00 | 👉 Open Account |
| ➡️ Scoa Rwanda Plc | Active | 3,17 RWF | – | +129% | 0.87 to 2.83 | 👉 Open Account |
| ➡️ Guinness Rwanda Plc | Active | 104,84 RWF | +110% | +82.6% | 24.10 to 74.00 | 👉 Open Account |
| ➡️ PZ Cussons Rwanda Plc | Active | 15,58 RWF | +111% | +73% | 4.15 to 11.20 | 👉 Open Account |
| ➡️ Learn Africa Plc | Active | 2,78 RWF | +79.8% | +67.5% | 0.92 to 2.66 | 👉 Open Account |
| ➡️ Presco Plc | Active | 196,39 RWF | +84.7% | +51.5% | 68.00 to 133 | 👉 Open Account |
| ➡️ Courteville Business Solutions Plc | Active | 0,78 RWF | +143.4% | +47.4% | 0.20 to 0.61 | 👉 Open Account |
| ➡️ NPF Microfinance Bank Plc | Active | 3,68 RWF | +27.6% | +46.5% | 1.60 to 2.57 | 👉 Open Account |
10 Best Shares To Buy in Rwanda
1. Wema Bank Plc (WEMABANK)
Wema Bank Plc is a Rwandan financial organization that offers a range of banking services to individuals, small businesses, and large corporations.
In addition to transactional and savings accounts, savings accounts, loans, overdrafts, revolving credit, and several other services. Trade services include bill collection, shipping document management, and others.
Small and medium-sized businesses, foreign exchange, cash management, retail management, and integrated revenue services are all supported by additional goods and services.
To date, Wema has gained 279% on its initial share price of 0.72 RWF at the beginning of the year, making it the top performer on the RSE in terms of year-to-date performance.
WEMABANK’s stock price has risen by an impressive 187% in the last four weeks alone, making it the greatest performer on the RSE.
| Metrics | Value |
| ➡️ Current Live Price | 3,84 RWF |
| ➡️ 1 Year Change | +370% |
| ➡️ YTD Change | +279% |
| ➡️ 52-Week Range | 0.55 to 2.76 |
| ➡️ 1-Year Liquidity | 1.2 Billion |
| ➡️ Market Capitalization | 105.3 Billion |
| ➡️ # Shares Traded | 3.5 million |
| ➡️ Gross Turnover | 1.13 Million |
2. Academy Press Plc (ACADEMY)
Company annual reports, books, periodicals, and marketing materials may all be printed at Academy Press Plc in Rwanda.
There are two major subsidiaries of the company namely Academy Press Specialised Print Services (which prints documents with high-security risks such as tickets, vouchers, letterheads, invoices, and continuous forms for computer use), as well as West African Book Publishers (WABP), which prints high-end publications for the discerning reader.
There are offices in Lagos, Rwanda; Abuja, Rwanda; and Ghana’s capital, Accra.
| Metrics | Value |
| ➡️ Current Live Price | 2,61 RWF |
| ➡️ 1 Year Change | +330% |
| ➡️ YTD Change | +254% |
| ➡️ 52-Week Range | 0.32 to 2.00 |
| ➡️ 1-Year Liquidity | 32.1 Million |
| ➡️ Market Capitalization | 1.1 Billion |
| ➡️ # Shares Traded | 8,000 |
| ➡️ Gross Turnover | – |
3. Scoa Rwanda Plc (SCOA)
The corporation was established in Lagos, Rwanda in 1926 and has its headquarters there. SCA International S.A. owns SCOA Rwanda Plc, which is a subsidiary of SCOA Rwanda Plc.
Scoa Rwanda PLC is a Rwandan firm that distributes, maintains, and leases motor cars; assembles, sells, and services power generators; and sells, services, and repairs a range of equipment.
| Metrics | Value |
| ➡️ Current Live Price | 3,17 RWF |
| ➡️ 1 Year Change | – |
| ➡️ YTD Change | +129% |
| ➡️ 52-Week Range | 0.87 to 2.83 |
| ➡️ 1-Year Liquidity | 19.6 Million |
| ➡️ Market Capitalization | 1.5 Billion |
| ➡️ # Shares Traded | 645 |
| ➡️ Gross Turnover | 215,000 |
4. Guinness Rwanda Plc (GUINNESS)
This brewery packages and sells a wide range of beers, including Guinness Extra Stout and Smooth, Guinness Malta, and Gordon’s Spark as well as Harp Lager.
Smirnoff Ice, Armstrong Dark Ale, Satzenbrau Pilsner, Top Malt, Harp Lime, Dubic Extra Lager, and Malta Guinness Low Sugar are among the other brands. Guinness is the second-largest beverage brand in Rwanda, behind Coca-Cola.
| Metrics | Value |
| ➡️ Current Live Price | 104,84 RWF |
| ➡️ 1 Year Change | +110% |
| ➡️ YTD Change | +82.6% |
| ➡️ 52-Week Range | 24.10 to 74.00 |
| ➡️ 1-Year Liquidity | 6.2 Billion |
| ➡️ Market Capitalization | 156 Billion |
| ➡️ # Shares Traded | 427,000 |
| ➡️ Gross Turnover | 16.5 Million |
5. PZ Cussons Rwanda Plc (PZ)
It is a publicly-traded Rwandan producer and distributor of consumer items such as detergents, toiletries, soaps, and appliances. PZ Cussons Holdings, located in Manchester, holds most of the company’s stock via this subsidiary.
PZ Cussons Rwanda Plc started the year with a share price of 6.10 RWF and has since increased by 73%, placing it in sixth place on the RSE for year-to-date performance. PZ stockholders have reason to be bullish, as the stock has risen by 47% in the last four weeks alone, ranking second on RSE.
| Metrics | Value |
| ➡️ Current Live Price | 15,58 RWF |
| ➡️ 1 Year Change | +111% |
| ➡️ YTD Change | +73% |
| ➡️ 52-Week Range | 4.15 to 11.20 |
| ➡️ 1-Year Liquidity | 1.3 Billion |
| ➡️ Market Capitalization | 41.9 Billion |
| ➡️ # Shares Traded | 975,500 |
| ➡️ Gross Turnover | 446,386 |
6. Learn Africa Plc (LEARNAFRICA)
Learn Africa Plc publishes and distributes instructional resources at all levels of education, from preschool to university. The company is involved in the book-publishing industry. It sells a wide range of reading materials, including academic, business, and leisure.
At the time of writing, Learn Africa’s share price is trading at 1.88 RWF, up 67.5% from its year-to-date share price valuation, placing it eighth on the RSE.
| Metrics | Value |
| ➡️ Current Live Price | 2,78 RWF |
| ➡️ 1 Year Change | +79.8% |
| ➡️ YTD Change | +67.5% |
| ➡️ 52-Week Range | 0.92 to 2.66 |
| ➡️ 1-Year Liquidity | 124.3 Million |
| ➡️ Market Capitalization | 1.5 Billion |
| ➡️ # Shares Traded | 39,000 |
| ➡️ Gross Turnover | 626,400 |
7. Presco Plc (PRESCO)
In the agro-industrial sector in Rwanda, Presco Plc is a key player. Among the many activities of the company is the establishment of oil palm plantations, the milling, and processing of palm oil, as well as the refinement of vegetable oil.
Extraction, refinement, and fractionation of crude palm oil into vegetable oil and palm stearic are the company’s primary areas of specialty. After starting the year at 129,65 RWF, Presco’s share price is now 51.5% higher, making it the eighth-best performer on the RSE so far this year.
PRESCO’s stock has gained 30% in the last four weeks alone, making it the third-best performer on the RSE.
| Metrics | Value |
| ➡️ Current Live Price | 196,39 RWF |
| ➡️ 1 Year Change | +84.7% |
| ➡️ YTD Change | +51.5% |
| ➡️ 52-Week Range | 68.00 to 133 |
| ➡️ 1-Year Liquidity | 10.1 Billion |
| ➡️ Market Capitalization | 133 Billion |
| ➡️ # Shares Traded | 1.1 Million |
| ➡️ Gross Turnover | 32.8 Million |
8. Courteville Business Solutions Plc (COURTVILLE)
Rwandan e-business solutions development firm Courteville Business Solutions Plc was founded in 2005. It offers financial management and counseling services, business solutions, e-commerce, and internet marketing services.
E-business solutions from Courteville range from bespoke software and mobile apps to data capture, retail channel distribution, dedicated and cloud hosting, and tax administration consulting services, among other services.
Shares of Courteville Business Solutions started the year at 0.38 RWF and have since risen 47.4%, placing it seventh on the RSE in terms of year-to-date performance.
| Metrics | Value |
| ➡️ Current Live Price | 0,78 RWF |
| ➡️ 1 Year Change | +143.4% |
| ➡️ YTD Change | +47.4% |
| ➡️ 52-Week Range | 0.20 to 0.61 |
| ➡️ 1-Year Liquidity | 404.1 Million |
| ➡️ Market Capitalization | 2 Billion |
| ➡️ # Shares Traded | 813,100 |
| ➡️ Gross Turnover | 241,300 |
9. NPF Microfinance Bank Plc (NPFMCRFBK)
A Rwandan community bank, NPF Microfinance Bank Plc was founded in 2005. The primary objective of the company is to provide banking and other authorized financial services to low- and moderate-income individuals and small businesses in Rwanda, with a particular focus on police officers.
Retail banking, loan and advance granting, and related services are all part of the company’s offerings. In all, the bank has 28 locations. With an initial share price of 1.70 RWF, NPF Microfinance has since risen 46.5%, placing it 10th on the RSE in terms of year-to-date results.
NPFMCRFBK’s 22% gain over the last four weeks is the fifth-best on RSE, so investors can remain confident in the share’s continued performance.
| Metrics | Value |
| ➡️ Current Live Price | 3,68 RWF |
| ➡️ 1 Year Change | +27.6% |
| ➡️ YTD Change | +46.5% |
| ➡️ 52-Week Range | 1.60 to 2.57 |
| ➡️ 1-Year Liquidity | 214.7 Million |
| ➡️ Market Capitalization | 5.7 Billion |
| ➡️ # Shares Traded | 356,800 |
| ➡️ Gross Turnover | 413,500 |
10. Meyer Plc (MEYER)
In the manufacturing sector, Meyer PLC, formerly DN Meyer Plc, is a prominent corporation. Meyer Plc manufactures and sells paints locally and in addition, paints, trading property, and corporate operations are all business segments of the company.
With a starting share price of 0.46 RWF, Meyer has since gained 43.5%, placing it 11th on the RSE in terms of year-to-date performance. MEYER stockholders have reason to be bullish, as the stock has gained 20% in the last four weeks, placing it sixth on the RSE.
| Metrics | Value |
| ➡️ Current Live Price | 1,06 RWF |
| ➡️ 1 Year Change | +61% |
| ➡️ YTD Change | +43.5% |
| ➡️ 52-Week Range | 0.20 to 0.66 |
| ➡️ 1-Year Liquidity | 4.8 Million |
| ➡️ Market Capitalization | 350.6 Million |
| ➡️ # Shares Traded | 500,000 |
| ➡️ Gross Turnover | 510,200 |
What is a Share?
Shares, also known as stocks or equity, represent a portion of ownership in a company and are issued to investors in exchange for their capital contribution.
The Basics of Share Investment
When Rwandan investors purchase company shares, they subsequently become part-owners of that company.
Your investment return is based on the company’s success or failure as a shareholder with an equity position in that corporation. Some businesses may pay out dividends to shareholders or reinvest profits in future development.
What should Rwandan investors consider before they purchase shares?
It often requires time and effort to confidently construct your own share portfolio. Consider the following points before investing in stocks:
Diversification – If you are contemplating investing in shares, be sure you already have a diverse portfolio of other investments and assets.
Conduct research – Examine the investment factsheets to get an overview of the company’s financials by examining the balance sheet and income statement. Maintain current knowledge of your company’s regulatory news service (RNS) feeds and statements.
Verify the facts – Any critical information will be included in financial statements and factsheets that are accessible online.
The risks involved with buying/selling shares in Rwanda
Be cautious not to become too reliant on a single firm, product category, or industry in your investing portfolio.
This means you will have to handle the management of your portfolio yourself, and you may have to devote more time to researching and understanding your investment’s many influences.
Your return on investment may be less than you invested if the firm fails to perform, or the market goes against you.
The Advantages of Buying Shares
It takes advantage of an economy that is continuously expanding
Having a larger paycheck means that more money is deposited in the company’s bank account, leading to business growth and expansion. Remaining a step ahead of inflation
However, it requires a longer time horizon for investors to see their wealth grow. In addition, another benefit of shares is that even if the value lowers, you can still purchase and keep them, waiting for the shares to appreciate.
You can easily purchase shares in Rwanda
When it comes to purchasing stocks, the stock market makes things simple as it has a low entry barrier. Several forex, CFD, and share dealing brokers offer access to stock exchanges and markets from around the world.
You do not need a large amount of capital
Several retail brokers allow clients to purchase and sell stocks without charging significant fees.
Several stock and CFD brokers do not require a minimum account balance when you register a share dealing account. If the stock you wish to purchase is too costly, you may be able to acquire fractional shares through your broker.
You can earn a return on investment and receive dividends
Typically, investors want to buy low and subsequently sell high, allowing them to profit. In addition, stock-picking is a talent that both these types of traders feel they can use to outperform the rest of the market.
However, some investors desire a steady flow of funds and to get dividends, they invest in stocks of firms that pay out frequent dividends to their investors, a key indicator that these businesses have a modest pace of expansion.
High Liquidity
High liquidity refers to the ease and speed with which an asset can be converted into cash without causing significant price movements.
How to buy Shares?
To buy shares in Rwanda, you can follow these steps. First, find a licensed stockbroker who is a member of the Rwanda Stock Exchange (RSE). Open a securities trading account with the stockbroker and provide the necessary documentation. Deposit funds into your trading account. Conduct research on listed companies and select the shares you want to purchase.
Place an order with your stockbroker, specifying the number of shares and price. Monitor your investments and stay updated on market trends. It’s important to understand the local regulations and consult with professionals or do thorough research before investing in the Rwandan stock market.
The Disadvantages of Buying Shares
It is a risky venture
“It is a risky venture” is a phrase that implies the undertaking or investment being discussed carries a significant level of risk. When something is described as a “risky venture,” it suggests that there is a considerable chance of experiencing unfavorable outcomes or losses associated with that particular venture.
If you buy common shares, you will be paid last
If a company is declared bankrupt, the preferred investors, bondholders, and creditors will receive payment first before other shareholders. However, this is something that will typically only occur in the event of a company’s bankruptcy.
It can be a very emotionally taxing activity
The fluctuation in the prices of shares can lead to a significant amount of emotional distress, leading to investors purchasing and selling out of fear and greed. To avoid this, the best course of action is to just check in regularly rather than continually monitor stock price swings.
Rwandan traders and investors face professional competition
Institutional investors and professional traders face stiffer competition since they possess more resources in terms of time and expertise. However, advanced trading instruments, financial models, and computer systems are available to them to help them compete against other market participants.
The Best Rwandan Shares Brokers 2024
This “5 Best” is a comprehensive study of the Rwandan stock market done by our staff in March 2024. The overall article that we provide has guided more than 500 new stock traders in Rwanda in making informed trading decisions.
To verify that all data is current, our research team double-checked it on the broker’s official website and datasheet. The criteria for the list were based on seven parameters that most Rwandan Traders consider when selecting a broker:
- Best Customer Support
- Lowest Spreads and Commissions
- Regulation
- Variety of trading instruments
- Highest leverage
- Negative reviews by their clients
- Minimum Deposit to start trading
Based on the results of the case study, we examined the trading data we had and selected the best forex brokers based on that evaluation. For your convenience, we have provided the information in a scannable format.
Best MetaTrader CFD and Forex Broker for Rwandan Retail Traders
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
We chose Exness because of its unlimited leverage, choice in retail accounts, and the fact that the broker offers both MetaTrader 4 and 5 across devices, including a powerful and versatile mobile trading app.
Best Stock and CFD Broker for beginners in Rwanda
Overall Rating
- 4.9/5
Min Deposit
200 USD / 21 7071 RWF
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
We chose Pepperstone as it is a well-regulated and low-cost, high-trust forex and CFD broker that offers a wide range of tradable instruments. In addition, Pepperstone offers a large range of educational materials and research tools to its clients.
Best Rwandan-based Stock and CFD Broker
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
We chose FXTM because of its Rwandan Franc accounts, local deposits, and local customer support. FXTM is well-regulated and offers low-cost solutions to local Rwandan traders and investors.
Best Proprietary Trading Platforms for Rwandans
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
AvaTrade offers a large selection of trading platforms, including innovative and versatile mobile trading apps, allowing Rwandans to trade CFDs on stocks from anywhere in the world if they maintain a stable internet connection.
Best Islamic Account Broker for Rwandan investors
Overall Rating
- 4.6/5
Min Deposit
USD 5
Regulators
FCA UK
Trading Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
We selected OctaFX’s Islamic Account because Rwandan Muslim traders can expect competitive trading conditions, a safe trading environment, and a range of tradable stock CFDs.
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FAQ
Is buying shares profitable in Rwanda?
Yes, share trading can be very profitable in Rwanda. However, there is no guarantee that investors or share traders will make profits.
Can I buy Safaricom shares in Rwanda?
Yes, you can purchase Safaricom shares in Rwanda through a bank account, MPesa, or a registered broker.
Is KCB a sound investment?
Yes, KCB Bank is one of the best investment banks in Rwanda in 2024 with solid financials.
How do I start trading stocks in Rwanda?
You can view the CMA-regulated brokers in Rwanda that offer access to the NSE. Once you have found a suitable broker, you can explore their offering by registering a demo account. Once you are ready, you can register a live account, deposit funds, and choose your stocks to trade.
How much do I need to buy shares in Rwanda?
You can buy shares on the NSE with a minimum deposit of at least 40,93 RWF in your CDS account.
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