The Commercial Bank of Rwanda has also issued a corporate bond to the market for five years, a week after the National Bank of Rwanda issued treasury bonds worth Frw20 million in support of stock market development in the country.
These two become big boosters and pioneers of the stock market business in Rwanda that is scheduled to be officially launched January 31, and it is expected that the economy will receive a huge boost from the many businesses that will be carried out on the stock exchange market.
Many corporate companies will be selling their shares or stocks here to boost their financial reserves as well as increase performance and profitability.
The stock market business is fairly complex and is in most cases confined to elitist companies and individuals who participate in it.
However, Rwanda is also a fairly complex country, with many new things being tried out in a unique Rwandan way, and succeeding; so it is incumbent that this stock market business is properly marketed and sold to people so that they understand it very well.
There are many people, cattle farmers who have large stocks and wealthy businessmen who would participate in it if they only knew how.
Banks and the ministries that are concerned with finance, commerce, and the investment bodies will have to up their ante on civic education so that people understand the general nuances of stock exchange.
People have a lot of money which could be used in say buying treasury bills or bonds as they look for what businesses are lucrative to run; or for that matter, giving a chance to individuals to own stock in successful companies like Bralirwa should such companies decide to list on Rwanda’s stock exchange.
The bureaucrats should make it easier for the slightly above ordinary people to understand this business and be able to invest in it.