CMAC to sensitise Rwandan diaspora on investments

A sensitisation program on the importance of investing in the capital markets and mobilisation of savings for Rwandans abroad is scheduled for the 2nd September 2009.
Rwanda’s stock brokers.( File Photo)
Rwanda’s stock brokers.( File Photo)

A sensitisation program on the importance of investing in the capital markets and mobilisation of savings for Rwandans abroad is scheduled for the 2nd September 2009.

According to the Capital Market Advisory Council (CMAC) the sensitisation that will take place at the CMAC premises aims at encouraging Rwandans living in the diaspora to invest home.

“We are trying to encourage Rwandans living abroad who have the potential to invest in the capital markets to do it in Rwanda,” said Olivier Kamanzi Executive Deputy Director of CMAC.

CMAC is primarily responsible for regulating the capital markets a component of the financial sector that deals in financial securities.

Securities are usually long dated financial instruments like treasury bonds, municipal bonds and debentures.

The sensitisation is part of the country wide public education awareness programme that has seen CMAC visit the 30 districts in the country. More than 2000 people are receiving training on the investment potential and opportunities.

Kamanzi also said that the program is targeting every one in the diaspora include students, business people among others.
However, the number of participants who will attend the program is not yet established, according to Kamanzi.

The mobilisation of money and savings through the capital markets would also increase remittances from the Rwandan diaspora.

Last year, Rwanda registered about $150 million from remittances.

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