Rwanda Capital Market Authority (CMA) has encouraged women representatives to secure a bright future by availing themselves of the available investment opportunities in the local capital market.
CMA officials made the call while addressing the 2019
National Women’s Council (NWC) General Assembly in Kicukiro District which
attracted women from across the district in the City of Kigali.
Magnifique Migisha, the CMA Public Relations and
Communication Officer who addressed hundreds of women representatives advised
them to secure early their financial future by saving and investing in the
nation’s capital market.
Migisha told the
women that there are various products that would be reasonably priced for them.
“Take advantages of the available opportunities so that you
can save and invest wisely in the Rwanda’s capital market products and the
capital market is not only accessed by institutional investors and individual
investors but can as well participate in the market.” Migisha said.
CMA Rwanda has committed to carry out a number of public
education initiatives meant to bridge the financial literacy gap especially
among the general public by facilitating an interactive and educative forum to
enable them start saving and investing through the capital market.
Borrowing from CMA’s comments, the Coordinator of the NWC in
Kicukiro District, Christiane Umuhire urged women representatives to develop a
saving culture as a way of improving their standards of living.
She stressed that as a woman they need to start building a
habit of keeping some money from their earnings so as to lay ground for a
future well-being of their families
While addressing representatives of women in Kicukiro
District, the Mayor, Dr. Jeanne Nyirahabimana advised them to cultivate a
culture of saving to contribute to the well-being of their families as well the
“By putting away money on a regular basis, you will also
build the discipline needed to save and invest for your bright future”
At the end of the AGM meeting some of the women said that
they have already started saving groups which have grown into cooperatives and
ready to work hard to increase their incomes.
In previous years, the Treasury bonds have been
oversubscribed reflecting confidence in the local market and the CMA community
outreach programmes are intended to have more citizens aware of the capital
markets operations in order to entice them to invest in the growing local
Currently this could be possibly achieved as Rwanda is
planning a pilot program that will enable district entities to start issuing
bonds to scale up their long term sources of revenues.