The Rwanda’s capital market industry embarked on a country wide capital market awareness campaign which is crucial for the development of the country’s market. This drive targets retail investors and it will upscale the participation of the retail investors in the market.

During ongoing 2017 national savings week themed “Our Savings Our Wealth”, CMA joined the rest of the country to reach thousands of Rwandans upcountry to share with them the best practices on how to embrace the culture of saving as way to increase wealth and sustain economic development.

On Thursday, October 26, 2017, the Capital Market Authority (CMA), Rwanda Stock Exchange (RSE) and Rwanda National Investment Trust (RNIT) conducted an awareness campaign in Rwamagana District, where district officials were urged to save and invest through capital market for a better future for their families and the country in general.

The Chief Executive of the Rwanda Stock Exchange (RSE), Celestin Rwabukumba addressing Rwamagana staff members explained different products available at the RSE which include shares and bonds.

He stressed that “Capital market is the right place to use while saving and investing for the future, when invest in shares or bonds; you are lending your money to the company or to the corporate or the government respectively so it can grow in the future and you will get an interest.”

RNIT’s Ignace Munyandinda who is the Finance and Administration Manager advised Rwamagana staff members to save through RNIT Iterambere Fund; he noted that “The fund links every Rwandan to the local capital market as an amount for investment is kept as low as rwf 2,000 to let every Rwandan start saving easily.”

He added that “The fund is open to both, individuals as well as Institutional investors. Every investor who wants to participate in the Rwanda growth story can do so with ease.  The fund is growing faster and those who invested at last year have started getting benefits. We are all confident that the fund will be able to meet investors’ expectations.”

The Director of Business Development and Employment Promotion Unit at Rwamagana District, Guy Semahoro promised that the staff of the district will start investing in the stock market; “We are all committed to start saving and investing through the capital market though we use other saving channels but the stock market is promising and we hope to get better return in the future.”

The Rwanda’s Capital Market Authority (CMA) in the beginning of October kicked off a three-month public awareness drive targeting potential retail investors across the country, encouraging them to save and invest through the local bourse. Next week the campaign continues in the City of Kigali and in Kicukiro District.