Rwanda Capital Markets Advisory Council (CMAC) has started educating the public about the Rwanda Over-The Counter (OTC) market.
The move is aimed at educating the public about the investment opportunities at the OTC market. It also aims at inculcating a savings culture among the Rwandans.
CMAC also targeting the Rwandans in Diaspora to diversify their investment portfolios by channeling part of their savings to investments with less risk at the OTC. CMAC is looking at the Diaspora because they always bring in cash-in-flows but most of which is spent through consumption, by their relatives.
Pierre Celestin Rwabukumba, the operations manager of CMAC said they have prepared brochures which they are distributing to different individuals and institution.
Rwabukumba said that those who have chosen to invest in Rwanda do it in real estate development, especially through the housing bank while others have opted for fixed deposit accounts in other commercial banks.
“We have prepared press releases and sent them to the ministry of foreign affairs to send them to embassies,” he said.
“We have communicated to some individuals in North America about forming collective investment schemes,” he added.
CMAC also intends educate government officials, civil servants and parliamentarians in the near future saying that they can contribute much to the development of the capital markets in Rwanda through mobilising the general public.