At least 30 Rwandans will receive training from Rwanda Capital Market Advisory Council (CMAC) in a move to introduce to the public the financial securities industry and its operating environment. According to Celeste Rwabukumba, the Operations Manager at CMAC, the purpose of this course is to develop securities’ market professionals who will play a crucial role in enhancing the skills and professionalism of the Rwandan bourse. Rwabukumba said that the course which is dubbed “Fundamental Securities Course” will kick off on November 23, 2009 to December 4, 2010 at cost of $200 per head. The course has been developed under the East African regional integration initiative program under the Efficient Securities Market Institutional Development program (ESMID), a project developed and supported by the International Finance Cooperation (IFC). “We have invited people from various institutions and we expect at least thirty participants although they may exceed that,” said Rwabukumba. Some of the institutions which have been invited include banks, insurance companies, higher learning institutions, journalists as well as the Central Bank. The training program, which will cover topics like the overview of capital markets, securities markets and converting capital into shareholder profits among others, will also be conducted in Uganda, Kenya and Tanzania. The East African Community Treaty set out a bold vision for the eventual unification of the region’s capital markets. And to achieve this vision, East African Stock Exchange Association (EASEA) has focused on a regional strategic initiative that considers setting up a regional securities market by the end of December 2009. Rwabukumba also stressed that the course will serve as a basis for further certification programs that will be conducted subsequently and they will all be standardized and recognized across the region. Ends
