Rwanda’s Capital Market Authority (CMA) continues to deliver on its mandate of educating the public about the culture of saving and investment. This was observed in Musanze district where CMA guided the youth from across Northern Province to work hard and embrace the saving culture through investing in the local capital market.
This was reiterated on Tuesday, October 16, 2018 during an awarding ceremony of best young innovators in the Northern Province dubbed YouthConnekt Awards, an event organized by the Ministry of Youth in collaboration with various partners.
One of the statutory objectives of the Capital Market Authority is to promote and develop the capital market industry in Rwanda. Investor education is one of the ways of attaining this goal.
The Executive Secretary of the National Youth Council, Robert Mwesigwa addressing the youth told them to embrace the culture of saving as little as they earn in order to secure a better future.
CMA initiated a national public education programme to facilitate an interactive and educational forum to enable the general public understand the benefits of savings and investing through the capital market.
The Public Relations Officer at CMA, Magnifique Migisha repeated that the youth are able to contribute to the country’s development efforts by saving and investing through the local capital market.
Oscar Mbabazi, a young innovator from Musanze District who owns a vermicomposting business said that “There’s a business opportunity in investing in Rwanda’s Capital market that should be tapped.” This was after an insightful panel discussion where one of the panelists was the CMA’s Public Relations Officer.
CMA has committed to carry out a number of public education initiatives meant to bridge the financial literacy gap, and we initiated various drives targeting people from all walks of life countrywide to facilitate an interactive and educative forum to enable up-country investors to start saving and investing through the capital market.