The Capital Market Advisory Council (CMAC) is set to train 42 journalists from various print and electronic media houses on how to report on capital markets, a relatively newcomer in the country’s business sector.
According to Emmanuel Mugiraneza, the CMAC Public Relations Officer, reporters often focus on financial business reporting and may leave out capital markets, which is a major development in the business sector.
“We want to empower media practitioners with skills on covering these issues. We believe that they need to understand the capital markets phenomenon before they can disseminate information about it,” Mugiraneza said.
Capital markets, where a government or a company can raise money (capital) to fund their operations and long term investment, were introduced in Rwanda in 2008.
Under the theme “Understanding capital markets and its business reporting,” Mugiraneza emphasized that the workshop, which is set start tomorrow, will mainly bring on board business reporters.
CMAC was established by the Prime Minister’s order No. 01/03 of 28/03/2007 with the purpose of guiding the development of the market in the country.
The Council is under the supervision of the Ministry of Finance and Economic Planning.