CMAC in public awareness campaign

Rwanda Capital Markets Advisory Council (CMAC), a body instituted to oversee the development and regulation of capital markets in the country has embarked on a national public-education campaign.

Rwanda Capital Markets Advisory Council (CMAC), a body instituted to oversee the development and regulation of capital markets in the country has embarked on a national public-education campaign.

The move is aimed at educating the public about the capital market. It is also aimed at convincing individuals to save and invest in products offered at the Rwanda-Over-The-Counter (OTC) market.

The sensitisation is also aimed at showing corporate companies and institutions the benefits of listing financial securities and shares on the OTC market.

Robert Marthu, the Executive Director of CMAC, said listing helps the company to access capital, discover the value of its business, raise its visibility and enhance its status with customers and suppliers at home and overseas.

He added that listed companies can have a better bargaining position with financiers; enhance management practices, foster employee motivation, benefits from Capital Market incentives like tax waivers and use of shares as currency.

For individuals, Mathu said they can also benefit through increased savings and investments, income generation through earning of dividends and interest, and use of share certificates as collateral to access funds.

Already members of the press, parliament, cabinet, central bank officials, chief executive officer of companies and academicians from institutions of higher learning have benefited from this programme.

The CMAC and Rwanda OTC Market where launched on January 31, this year by the President Paul Kagame and since then a number of transactions have been carried out.

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