Rwanda capital markert heading to the rise says US Sec Commissioner in his visit to the country.
Dr. Michael Piwowar, a Commissioner at the U.S. Securities Exchange Commission (SEC) says there is no doubt about the strong commitment by the government of Rwanda to develop the capital market industry, and the regulators are doing all it takes to fulfill this objective.
Speaking during an official visit in Rwanda Dr. Piwowar said that, the capital market model of resource mobilization is essential to ensure sustainable development funding to support Rwanda’s growth.
“This will fuel entrepreneurship and enhance the country’s competitiveness.”
“My assessment of the country’s capital market, therefore, is that what makes Rwanda special is that players aim for the best as they look to improve the international standards, which is critical for the success of the capital markets around the globe,” emphasized Dr. Piwowar.
The Executive director of Rwanda Capital Market Authority Robert Mathu further explained that, opportunities for investment in Rwanda’s capital market will continue to emerge as the privatization program is implemented, and that the private sector embracing the capital market as an inevitable source of long term capital for both equities and bonds.
“It is also expected that the capital market will continue to ride on the back of high economic growth in Rwanda and in the region.”
Rwanda’s capital market is said to have an active equity market and gradually emerging bond market for both corporate and Treasury Bonds.
The market however, is looking up for additional capital market products in order to offer alternative and modern methods of mobilizing long term capital.