The Central Bank of Rwanda has launched 10 billion Rwf of bonds, which will be sold over a five-year period.
Investors in these bonds will be eligible to receive an annual interest rate of 11%. The primary market will be open from November 12 to November 14, 2025.
For those who have paid a large sum of money per share, they are allowed to invest no more than Rwf 50 million, while the minimum investment is Rwf 100,000.
The secondary market will start on November 18 on the Rwanda Stock Exchange, meaning that anyone who buys on the primary market will be allowed to sell and get their money back.
The tax on profits on this market is 5% for Rwandans and foreigners who have an investment account with the BNR. This is while the tax on profits elsewhere is 15%.
These bonds are often purchased by those who buy them for more than they need because they expect to earn interest easily.
These are bonds that are placed on the market by the government of a country that wants to borrow money to supplement its budget.
Investors who wish to invest in government bonds purchase these bonds through their partner banks or through intermediaries on the Rwanda Stock Exchange (RSE), thus lending them to the government, which pays them interest until the bonds are withdrawn from the market.
In addition to interest, when the maturity date of the bonds expires, investors receive their full amount.
Rwandan francs are used to purchase government bonds and they can be issued for the first time (new issuance) or reopened (reopening) depending on the plans that have been set. Currently, government bonds are issued every month.
Typically, these bonds have different maturities depending on the country. In Rwanda, there are three, five, seven, 10, 15 and 20-year maturities.
By investing in bonds, you are saving and planning for the future such as children’s education, retirement, investing in large projects, etc.
Furthermore, when you invest in bonds, you are making a safe investment because you are confident of receiving interest on time, and you will be refunded the money you invested when the term of the bonds ends.
Another thing is that investing in bonds can be sold through the Rwanda Stock Exchange (RSE) if you want to withdraw money before the time they are scheduled to be withdrawn from the market.
This means that you have your money that will benefit you and you can access it whenever you want.
In this case, you approach brokers in the stock exchange and tell them the number of shares you want to sell, and they help you find a client who wants to buy them.
This is when you agree with the client on the price of your bonds (market price), you receive their price and these bonds are then recorded in the account of the buyer electronically.
