The Rwanda’s Capital Market Authority (CMA) urged thousands of youth from across Rwanda to secure early their financial future by saving and investing in the nation’s capital market.
This has been revealed by the Deputy Executive Director of CMA, Eric Bundugu while addressing 3,000 young people at the fourth annual National YouthConnekt Convention closed on 22 December at Petit Stade.
According to Bundugu, beside understanding capital market products, the youth were ought to be educated on the need to plan for their financial future ahead of time. The capital market is accessed not only by institutional investors, individual investors can as well participate in the market.
He added that “We are committed to building a financially literate generation and will continue to commit resources to implement a variety of programmes that will enable young people instill the required skills and knowledge that will help them navigate the future through effective savings and investments.”
James Mutabazi, 18 from Rubavu District said that “I’ve always heard that the stock exchange is relevant to the economy of our country. Being here today is an opportunity for me to get information that will allow me to participate in the market”
One of the statutory objectives of the Capital Market Authority, CMA is to promote and develop the capital markets industry in Rwanda. Investor education is one of the ways of attaining this goal.
CMA initiated a national public education programme to facilitate an interactive and educational forum to enable the general public (local and diaspora) understand the benefits of savings and investing through the capital market.