South Africa's low-cost healthcare service provider firm RH Bophelo is set to cross-list on the Rwanda Stock Exchange in June, and leverage on IT to enter East Africa.
RH Bophelo chief executive Quinton Zunga said in an interview with South African public broadcaster (SABC) that he had faith that RSE is going to grow as it linked to other stockmarkets in East Africa, an opportunity for the firm to be profiled in the region.
The firm said the purpose of secondary listing is to diversify investor's base and to facilitate RH Bophelo's ordinary shares availability to the wider East African public among others benefits.
Mr Zunga said East Africa was the firm's next frontier into the rest of the continent, and Rwanda will be a door to the region.
"In April 2020, the directors, subject to approval by the relevant regulatory authorities, approved RH Bophelo's proposed secondary listing on the Rwanda Stock Exchange."
