The Inaugural East Africa Capital Markets Day conference kicked off in Kigali on Friday with a call on market players to step up education of the masses on how they can save and invest through the capital market.
The conference was organized by the East African Securities Exchange Association under the theme “Showcasing East Africa’s Economic vibrancy and the capital market’s place within the region.’
It drew business leaders and financial experts from across East Africa to analyze existing economic and developmental opportunities within East Africa and the role of the capital markets as a catalyst in advancing the region’s agenda.
The packaging of information on how to save and invest through the capital market should be simplified in manner to help investors understand that message, according to Luke Kinoti of Fusion Capital.
Opening the conference, the Minister of Finance and Economic Planning, Uzziel Ndagijimana said capital markets, local and international continued to feature as a primary funding source for growth in conjunction with private equity investment.
Stock exchanges have proven over time that they can offer great alternative of funding platforms to businesses and governments, while at the same time offering attractive opportunities of investment in various securities while promoting saving culture, said Ndagijimana.
James Ndahiro, the Chairperson of Rwanda Stock Exchange called on market players across the region to increase education of the masses on how they can save and invest through the capital market.
Ndahiro also mentioned the need to strengthen public education strategies to be able to educate the public on the importance of saving through the capital market.
There is need to be innovative in explaining how the capital market operates to the masses, he said.
According to Celestin Rwabukumba, CEO of Rwanda Stock Exchange, this is the first East Africa Capital Markets Day but there are hopes to have more such forums in the future to enable hearing more from all stakeholders who are not necessarily members of the stock exchanges such as regulators and businesses.