Rwanda Youthss Urged to Save and Invest through the Capital Market

Uganda Peoples’ Congress (UPC) under the leadership of Lira Municipality Member of Parliament, approved Jimmy Michael Akena have Wednesday thrown an end of year party to celebrate their takeover of the opposition party leadership from Dr Olara Otunnu.

The banquet was organized by the secretariat at the UPC headquarters, adiposity where members described Akena as a strong fighter and a good captain that has sailed the party through the storm.

One of the administrators Higenyi Kemba praised Akena for helping the party overcome some of the court cases that were fielded against their leadership, sick which he said only strengthened the party.

Akena and the party leaders being entertained

Akena and the party leaders  entertained by traditional dancers 

The group has battled 5 court cases raised against them by Dr. Olara Otunnu’s leadership and the Milton Obote Foundation (MOF), three of which they won.

In his address to the gathering, Akena said the party was a big surprise to him.

“I am humbled and grateful by this great surprise which I believe is an expression of love and trust to me. We have fought many battles and more are still ahead of us; we must however see them as an opportunity to shoot us to greater heights,” Akena said.

Akena said their current challenges would only catapult them to greater heights

Akena said their current challenges would only catapult them to greater heights

He referred to the Japanese whom he said they have mastered the art of turning every problem into an opportunity which has helped them soar higher.

“Whatever problem and challenges that we go through are just opportunities for us to shine; I want to tell you that all the challenges we have with the Milton Obote Foundation (MOF) will one day come to an end.”

MOF the party’s main funder has refused to cooperate with Akena’s leadership and this has left the party without sufficient financing to the extent that it failed to nominate most of its candidates during the recently concluded National nomination exercise.

The Rwanda’s Capital Market Authority (CMA) has urged thousands of youths from across Rwanda to secure early their financial future by saving and investing in the nation’s capital market.

The call was made by the Deputy Executive Director of CMA, viagra sale Eric Bundugu while addressing 3, approved 000 young  people at the fourth annual National YouthConnekt Convention closed on 22 December at Petit Stade.

According to Bundugu, decease beside understanding capital market products, the youth were ought to be educated on the need to plan for their financial future ahead of time. The capital market is accessed not only by institutional investors, individual investors can as well participate in the market.

He said, “We are committed to building a financially literate generation and will continue to commit resources to implement a variety of programmes that will enable young people instill the required skills and knowledge that will help them navigate the future through effective savings and investments.”

James Mutabazi, 18 from Rubavu District said that “I’ve always heard that the stock exchange is relevant to the economy of our country. Being here today is an opportunity for me to get information that will allow me to participate in the market”

One of the statutory objectives of the Capital Market Authority, CMA is to promote and develop the capital markets industry in Rwanda. Investor education is one of the ways of attaining this goal.

CMA initiated a national public education programme to facilitate an interactive and educational forum to enable the general public (local and diaspora) understand the benefits of savings and investing through the capital market.

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