Stockbrokers boost Rwanda capital market

Stockbrokers have boosted the Rwanda Over The Counter Market by mobilising 33 transactions worth Frw280 million, a sign the market is picking up, a financial expert has said. The remarks come shortly after some prospective investors asked the Capital Markets Advisory Council whether stockbrokers are really necessary on stock market. Members of the CMAC however said, it is requirement for any investor to buy or sell securities listed on any stock exchange through a stockbroker. The members appreciate the stockbroker’s roles saying they are involved in awareness campaigns, a move that has inculcated a saving culture into Rwandans.