The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

It’s easy to do business in Rwanda

In January 2013, at the World Economic Forum annual meeting in Davos, Rwanda’s president, Paul Kagame, proudly announced the launch of the East African Commodity Exchange (EAX) in Kigali.

Paul Kukubo, CEO, East African Commodity Exchange in Kigali
Paul Kukubo, CEO, East African Commodity Exchange in Kigali

As part of the regional integration plan between Burundi, Kenya, Tanzania and Uganda, the exchange aims to boost liquidity and provide a commodities market for 130 million people across the entire region, currently plagued by poor infrastructure and inefficient distribution channels. Heading the exchange is Paul Kukubo, previously the chief executive of Kenya’s ICT Board. Kukubo has big ambitions for the exchange, which hopes to create a platform for smaller, regional producers eventually giving them access to futures and options. The hope is that Rwanda will provide a template for an exchange that can be replicated elsewhere where smaller-scale producers are often marginalized.

"This is a type of business that can only thrive in a place where contracts are better honoured and where the macroeconomic environment is conducive to business. Rwanda has the right level of governance and support for investments of this nature and size and it’s really easy to set up a business here," says Kukubo.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree