CMAC woos potential investors

The Capital Markets Advisory Council (CMAC) has called upon potential investors in the country to embrace the markets in order to finance their businesses. Rwanda’s securities regulatory body believes that this is the only way long-term investment can be ensured to facilitate the growth a company. This call was made during a meeting organised by CMAC to sensitise investors on the benefits of investing in the capital markets. The seminar attracted investors from several sections of the economy such as the financial and mining sector. Olivier Kamanzi, Deputy Executive Director of CMAC said that participation in the capital market is open. “Any person can apply for membership as a stockbroker, dealer, and sponsor under Over The Counter (OTC) market provided they meet and adhere to rules and conditions of C MAC,” he said. Some of the requirements for membership include minimum funds committed for the OTC operations of Rwf10 million for stockbrokers, Rwf5 million for an individual and Rwf8million for the corporate. Listing on bourse offers a company access to capital through issuing shares to the public. It also helps investors realise the market worth of their wealth from the price of securities. In this regard, CMAC ensures that the investors are protected to get fair play in the market by licensing only competent and credible professionals to serve the market. It also supervises all members of ROTC to ensure compliance with regulatory requirements. However, the development of the capital markets in Rwanda is still affected by lack of issuers and products on the market and inadequate knowledge. Ends

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CMAC woos potential investors