Rwanda seeks to enhance capital market with capacity building

Rwanda's Capital Market Authority (CMA) and British Chartered Institute for Securities and Investment (CISI) have signed a Memorandum of Understanding (MoU) to facilitate capacity building of the capital market in the east African country.

Robert Mathu, the executive director of CMA, said the MOU will facilitate professional growth and promote development in the capital markets in Rwanda.

He observed that financial sector is meant to contribute to the development and growth of the economy and therefore such a move is another key to helping the industry become a source of employment.

"I strongly believe that this MoU will promote the capital market industry in Rwanda through providing skills to capital market players," he said.

Helena Green, the strategic project manager at CISI, noted that the institute will work together with the capital market to provide a certification program for practitioners in different job functions.

"The competence is not just about examinations, it's about skills, knowledge, expertise, ethical behavior and the application maintenance of all these," said Helena, adding that they were delighted to provide assistance for the certification program essential to boosting professionalism as well as enhancing attractiveness.

Officials explained that the agreement will facilitate capacity building to service providers like fund managers, and brokers.

Rwanda's Minister of Finance Claver Gatete said the government wants people to have the necessary skills and the agreement is in that regard. Endit