The Capital Market Authority (CMA) in partnership with the Media High council (MHC) trained 20 business journalists from various broadcast, print and electronic media houses on how to report about capital market business in Rwanda.
This year’s training focused on educating and exposing business reporters on the business of capital market licensed intermediaries as key players in developing Rwanda’s capital market industry.
The Acting Executive Director of Capital Market Authority, Eric Bundugu stressed that “CMA is here to collaborate with you to really educate effectively Rwandans on how to save and invest through the capital market products.
We truly value your role and your support in our daily activities in educating your audience about saving and investing in the capital market products as the Rwandan capital market industry is growing.”
He added that “We want to empower media practitioners with skills on covering the capital market industry in Rwanda. We believe that they need to understand the capital market operations before they can disseminate information about it.”
The Rwanda Stock Exchange’s Chief Executive Officer, Celestin Rwabukumba advised journalists to approach them for giving factual information.
He said that “I would like to encourage you to approach us and giving you factual information that you may put in your stories, because we need every Rwandans to be convinced and come to invest in the stock market.”
“If you disseminate accurate and timely information on the stock market by using figures and facts, you will likely to attract citizens’ attention and enable them to make financial decisions,” he added.
The Executive Secretary of the Media High Council, Peacemaker Mbungiramihigo noted that “As you are all aware there exist so many ways of saving, capital market is one of them where instead of keeping your money in a bank account you invest it through financial products issued by the Government, private and public companies.
Investing in Capital market comes with benefit to both the investor and the country in general because as you grow your wealth the country is able to get the money need for different developmental activities without seeking the help of external creditor.”
He added that “Business reporters can play a great role in the growth of the capital market in Rwanda by doing well researched and in-depth stories about the sector.
In sensitizing people to embrace the culture of saving by investing in capital market as they not only own shares in listed companies but can use their Securities as Collateral or liquidities if they need cash to invest in other business.”