EASTERN PROVINCE

NGOMA — By investing in capital markets leaders will reap profits without much effort, local leaders in Ngoma district have been told.

Pierre Celestin Rwabukumba, an official of Capital Market Advisory Council (CMAC) urged the leaders to save money to buy shares in order to overcome poverty. He was speaking to district and sector leaders, heads of cooperative societies, and members of private and public sectors at the district main hall on Tuesday.

Rwabukumba briefed the leaders how business in transacted under the capital market. Markets, he said are for long term capital, while bonds and shares are bought and sold. The buyers meet at the market to transact business.

"Banks are not rich as some of you may think. They are just custodians of your money and it’s through saving that you will invest," he said.

He added, "Saving can be afforded by everyone and it can help you any day any time." Listed securities, investors and stockbrokers he said, are some of the terms used under the Capital market.

He explained that savings, income, capital gain, securities as collateral and liquidity are some of the benefits of investing in capital market.

He urged leaders to buy shares in government and private institutions, stressing that capital market is vital for the government and individuals to develop.

"Saving is the beginning of progress in development," he said.

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