The official launch is scheduled for late November 2025, during the annual conference of the African Securities Exchanges Association (ASEA), which will be hosted in Kigali.
Currently, companies developing green projects are listed on the exchange alongside other businesses, without a dedicated framework. The new section will provide them with a distinct space to attract investors who prioritise sustainability and environmental protection.
Typically, companies listed on the RSE raise funds by issuing bonds, which investors purchase. The proceeds serve as business capital, to be repaid later with agreed-upon interest, an approach considered a more affordable alternative to traditional bank loans.
RSE Chief Executive Officer (CEO) Pierre Célestin Rwabukumba explained that while the exchange already has segments for small and medium enterprises (SMEs), large corporations, and general bonds, the decision was made to introduce a specialised green segment to attract investors interested in climate-conscious initiatives.
'When green bonds are issued specifically for environmental protection, investors focused on sustainability and biodiversity are able to participate more directly,' Rwabukumba told IGIHE.
'Such investors are often willing to commit more capital because they see the value beyond profit, they recognise the broader impact on communities and the planet.'
Rwabukumba noted that the creation of this new section aligns with Rwanda's national strategy to promote a green and inclusive economy, adding that it represents a pioneering step on the African continent.
'This will be the first dedicated green investment segment of its kind in the region, and likely across Africa,' he said. 'Sometimes when we talk about building a green economy, people assume there are no tangible implementation measures. This initiative will demonstrate that we are not only committed in words but also in action, through dedicated financial infrastructure.'
The development of the Green Exchange Window is being undertaken in partnership with the Luxembourg Stock Exchange, a global leader in sustainable finance. The collaboration aims to ensure the new segment operates to international standards and attracts both local and foreign investors.
Rwabukumba added that RSE has already facilitated green bond issuances, including those by the Development Bank of Rwanda (BRD), which has raised more than Frw 70 billion for environmentally sustainable projects. These existing instruments will be integrated into the new segment, with other project developers encouraged to participate.
He expressed confidence that the initiative will draw additional investors and partners, given Rwanda's growing portfolio of green projects and its strong commitment to environmental protection.
Rwabukumba further encouraged companies seeking capital for environmentally friendly ventures to explore this new financing avenue, emphasising that the capital market offers one of the most cost-effective means of raising investment funds in the country.
IGIHE
