Over 2,500 youth attending the sixth edition of the YouthConnekt Convention from across Rwanda and in the diaspora urged to secure early their financial future by saving and investing in the Rwanda’s Capital Market.
YouthConnekt convention is an annual event that gathers youth from all districts of Rwanda and abroad, not only to discuss their development but also to showcase their achievements and set goals.
The Acting Executive Director of the Rwanda Capital Market Authority (CMA), Eric Bundugu stressed that “Capital market is the best place for young people to invest for the future; when you buy a share of stock, you are actually buying ownership into a living. Over time, these companies will release more products, gain more customers, increase earnings, acquire other companies and grow.”
He added that “We are encouraging the youth to embrace the savings culture by growing the country’s economy through participating in long term investments. CMA has committed to run education campaigns targeting the youth segment of the Rwandan population through various forum to encourage them to save and invest through Rwanda’s capital market, whereby the public education initiatives meant to bridge the financial literacy gap to facilitate an interactive and educative forum to enable them start saving and investing through the local capital market.”
Patrick Shema from Nyabihu District said that “As youth, we really understand the benefits of saving and investing in the stock market as it pays back in the future so that we can be able to grow our businesses easily. In order to secure our future, we need to venture into smart savings that will guarantee sustainability, which includes venturing into the capital market and buying stock or bonds offered different firms at the bourse.”
“Since the market offers an opportunity to invest as a group; we as young people we can form investment groups and pool funds to buy shares or government and corporate bonds as investing on the stock market does not require huge sums of money, then we can get benefits by raising capital at a lower cost by consistently buying small shares, and eventually accumulate enough savings to invest in other ventures,” stressed Shema.
The Rwanda Capital Market Authority (CMA) aims to help youth from across Rwanda to know more about the importance of saving and investing through the capital market at a young age and assist them to understand the capital market operations in the country as capital market is a saving and investment destination for everyone.