Moroccan company picked to lead Rwanda Stock Exchange data monetization strategy

The Rwanda Stock Exchange (RSE) announced Tuesday the appointment of SCL Advisory Limited, a company founded and led by Moroccan Selloua Chakri, to help it expand its database and develop its activities around the world.

“SCL Advisory Limited will support the Stock Exchange’s efforts to provide financial professionals and issuers with market data, analysis, and services in a reliable and timely manner to help them make more informed investment and business decisions in the Rwandan market,” said a statement by the Kigali Financial Center.

Commenting on the decision, Pierre Celestin Rwabukumba, RSE Chief Executive Officer, expressed confidence in the prospects for client growth, noting that “SCL Advisory Limited will play an important role in expanding our client database and improving the client experience through world-class technology”.

This initiative will also increase the visibility and awareness of RSE while strengthening Rwanda’s position as a destination of choice for regional and international investors, he said, adding that Kigali aims to become an international financial services center in the region.

Selloua Chakri, Founder and Managing Director of SCL Advisory Limited, said that “Rwanda has received international acclaim for its recent government initiatives to make Kigali a world-class financial center in Africa”.

The development of the Rwanda Stock Exchange’s data and information services will make the East African country an even more attractive investment destination for global investors, she noted, adding that “we are very proud to support the Rwanda Stock Exchange in its efforts to expand its data and information services to regional and international clients”.