Hundreds of young people from across Eastern Province were encouraged to secure their financial future through viable long-term investments by participating in the local capital market and ultimately benefit themselves and the economy at large.
During the YouthConnekt Awards 2019 held in the Eastern Province in Rwamagana District, hundreds of youth were told that there are a lot of ways one can invest in the capital market products and as in anything, investor education is essential to build their confidence to invest by making sound investment decisions.
James Murekezi from Kigabiro Sector in Rwamagana District after the presentation on saving and investing through the capital market, he said that “We learnt a lot, basically the importance of the capital market to the youth and how to join it both short and long term investment initiatives.”
The Public Relations Officer at the Capital Market Authority, Magnifique Migisha said there were various products available in the capital market products that would appeal to the youth. He advised them to join the capital market as retail investors to take advantage of it because they are huge investment opportunities in this sector.
He added that “Capital market is for everyone, young people should take this opportunity. The capital market is not for the rich only, youth can afford some of the products available on the local market. As young people you should be able to know about the importance of investment and the existing investment opportunities in the Rwanda’s capital market industry.”
Young people were advised to consider group investments, as growth and returns are better compared to lone investments and be able invest for the future rather than investing more in consumption.
The capital market has become the new favorite platform in the financial sector as it has many advantages especially in terms of long-term financing. Young people were also encouraged to seek professional advice and not invest based on hearsay.