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Rwanda hosts inaugural East Africa Capital Markets Day

On Friday, May 24, 201, the East African Securities Exchanges Association in partnership with the Rwanda Stock Exchange (RSE) organized the inaugural East Africa Capital Markets Day in Kigali, Rwanda.

Held under the theme, “Showcasing East Africa’s Economic Vibrancy and the capital market’s place within the region”, the event brought together different stakeholders from both government and private institutions of the East African capital markets and financial industry.

During the forum, the financial industry experts and business leaders discussed existing economic and developmental opportunities within the region and the role of the capital markets as a catalyst in advancing the region’s development agenda.

Speaking while officially opening the meeting, the Rwanda Minister of Finance and Economic Planning, Dr. Uzziel Ndagijimana said: “East Africa is one of the fastest growing regions in the continent thanks to the clear government policies on sovereign development which have set the EAC (East African Community) on a high growth path to become one of the best investment destinations on the continent.”

Hon. Ndagijimana added that: “The Capital markets contribute to the mobilization of resources both from domestic and international sources and I am grateful that this conference has brought all key players from the region to discuss how to mobilize resources for investment and growth.”

The current chairman of the EASEA and Chief Executive Officer of the RSE, Pierre-Celestin Rwabukumba said: “There are some key sectors within the region that are yet to discover the full opportunities available within the capital markets. Given a chance, sectors such as infrastructure and energy have the ability to transform the real economy and living standards alike.”

He added that “We organized this multi-stakeholder forum that will be hosted by the EASEA member exchanges on an annual basis from now on, in order to elicit impactful debates for the growth of East Africa by engaging in conversations that will accelerate investment opportunities.”

The forum brought together over 150 delegates from the East African capital markets industry including business leaders