Umubano Project seeks to attract UK Investors

Umubano project, a collaboration between the Capital Markets Advisory Council (CMAC) and the British government, that has been running since last year, has annouced that it is attracting UK based investors to the different sectors of the economy. In an interview with Business Times recently Olivier Kamanzi, the Deputy Executive director of CMAC, observed that to prepare for the investors, the British government has previously sent experts in financial markets to provide knowledge and skills to local financial market players. “The collaboration gives them understanding about the economy hence preparing UK investors to come here,” said Kamanzi. He also underscored that the project provides knowledge about whether the market is profitable or not. This project was put in place by western countries to help low developing countries develop their financial markets.“This project will also help Rwandan companies to go on a global market where the money is,” Kamanzi explained.The UK government meets all the expenses for the visiting experts who come here once in a year. Early this month, the visiting team from UK in collaboration with CMAC conducted training on bond valuation to a total of 60 corporate companies from both government and private sector. The training targeted industry professionals such as financial sector, Journalists, Lawyers, accountants, Public Relations Companies. The purpose of this training was to provide knowledge and assist companies the ways of accessing funds through debt markets. “This partnership will assist the capital market to develop and build our human capacity and on the other hand the project umubano will achieve its mission which aims at understanding of the realities of life in Rwanda,” said Kamanzi. Ends