The Rwanda’s Capital Market Authority (CMA) has encouraged young innovators from across Southern Province to make the most of the investment window through the local capital market.
This was revealed on Tuesday during the YouthConnekt Awards 2019 finals in the Southern Province where youth were told to invest in the capital market products to be able to reap profits without much efforts.
Robert Mwesigwa, the Executive Secretary of the National Youth Council urged the youth on the need to embrace entrepreneurship and to take advantage of the available opportunities to develop themselves and contribute toward the country’s growth as we have several programmes that seek to empower the young people.
CMA initiated an interactive and educational forum to enable the general public understand the benefits of savings and investing through the capital market. These sessions help the youth to understand the benefits of the capital market so that they can be able to contribute to the country’s development efforts by saving and investing through the local capital market.
“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 that company. Over time, these companies will release more products, gain more customers, increase earnings and grow,” stressed by Magnifique Migisha, the Public Relations Officer at the Capital Market Authority. He added that “In addition to that there is a possibility to invest in the Government Treasury Bond and in the unit trust schemes in Rwanda.”
Solange Uwera, young innovator from Muhanga District who runs a successful sewing business said that young people should understand the importance of the capital market.
She stressed that “I now understand the benefits of saving and investing in the capital market products as it pay back in the future so that we can be able to grow our businesses easily and contribute easily to the country’s development as the capital market is vital for the government and individuals to develop.”
The Capital Market Authority aims to help youth from across the country to know more about saving and investing through the capital market at a young age, and assist them to understand the capital market operations as capital market is a saving and investment destination for everyone.