At the listing of the Africa Medical Supplier (AMS) corporate bond on the Rwanda Stock Exchange, the Chief Executive Officer of the Capital Market Authority, Thapelo Tsheole highlighted the critical role that the capital market plays in strengthening businesses and advancing the national economy.
“When a company chooses to raise capital through the capital market, it is not only securing funds; it is also raising its profile and building its credibility. The market gives companies visibility and investor trust, both key to long-term strength,” he said.
He further emphasised that the capital market is not just a financing mechanism but a driver of inclusive growth.
“The capital market is not just about helping companies find funding; it creates opportunities that benefit the entire economy. It gives businesses room to expand and allows investors to earn returns by putting their savings to work,” Mr. Tsheole added.
The AMS bond, valued at FRW 5 billion with a five-year term and a 13.25% annual coupon rate, represents another step in expanding Rwanda’s capital market and providing sustainable financing options for local businesses.
Speaking at the ceremony, Fabrice Shema Ngoga, CEO of AMS, noted that the proceeds will be used to refinance debt and expand operations across Rwanda and beyond. “Today’s bond listing represents a new chapter in the history of AMS Plc, a chapter defined by innovation, trust, and a shared vision of progress,” he said.
The Chief Executive Officer of the Rwanda Stock Exchange, Pierre Celestin Rwabukumba, observed that the listing was particularly significant as AMS became the first healthcare sector company to graduate from the Capital Market Investment Clinic and raise funds on the exchange. “This serves as a good example for other SMEs and corporates of what is possible in our capital market today,” he noted.
With this milestone, AMS joins a growing list of Rwandan companies turning to the capital market for long-term funding, demonstrating that beyond financing, the exchange provides businesses with credibility, visibility, and a pathway to contribute to Rwanda’s wider economic transformation.