My 20 cents: Rwanda is slow, so its best for looooong term. To move money there and to be able to successfully apply and trade in the secondary market may be quite time consuming and costly. Consider the transaction cost of changing KSH into USD then to FRW in order to trade in Bank of Kigali ......... with USD so high already you lose something there.
Rwanda’s secondary market is not at as developed as the NSE, meaning trades happening per day are very few…..almost 1% what Kenya does, and that has an effect on how fast you can move your shares. So like Bralirwa only 100 shares traded on the first day.There is no market support ie no multiple buyers or sellers. In Kenya, stock market beats many investments in its ability to be liquid and accessibility of cash which may be not much a benefit in slow markets.
Again a country will always favour its own investors than others….in rwanda you will be registered as EA investor.
The benefit with Rwanda may be the margins. New markets still see upto 50% capital gains something we have forgotten in Kenya….20% is golden..
The laudable is more often than not rendered laughable by overclaim