Business journalists acquired skills on Reporting on capital market in Rwanda

On Friday 21st June, 2019, the Capital Market Authority (CMA) in Collaboration with the Media High Council (MHC) trained 20 business journalists for the third time on how best to report on capital markets business, a relatively new and growing industry in the country’s business ecosystem.This year’s training focused on educating and exposing business reporters on the business of capital market licensed intermediaries as key players in developing Rwanda’s capital market industry.

During his presentation on ‘The role of business reporting to contribute to the country’s development’, the Executive Secretary of Media High Council, Peacemaker Mbungiramihigo told participants that becoming business reporters was a very good choice for them as their stories and analysis of the economic situation contribute to the development of individuals and the country in general.

He added that “Business reporters can play a great role in the growth of the capital market in Rwanda by doing well researched and in-depth stories about the sector. In sensitizing people to embrace the culture of  saving by investing in capital market as they not only own shares in listed companies but can use their Securities as Collateral or liquidities if they need cash to invest in other business”

In his remarks, The Ag. Executive Director of Capital Market Authority, Eric Bundugu said this year training aimed at; building media capacity, education awareness campaign and building partnership between media and other capital market players like blockers, fund managers and custodians. He also urge journalists to invest in capital market.

“The purpose was not to educate you and go inform the public only because at the end of the day as business reporters you can participate and invest in capital market. Media members are partners that we value much at Capital Market Authority “. Eric said.

The trainees appreciated the training, but recommended CMA and MHC to organize a field visit in the next training and to set up a network of Business Reporters and those who work in capital market.

“We still need skills and we need a kind of filed visit in the next training so that we can talk to those who made investment in capital market and benefited from it. We also need a network of business reporters and the experts in capital market who can help us explain capital market issues while covering stories on this sector”. Daniel Sabiiti from Kigali Today emphasized.

Simon Peter Kaliisa from the New Times added “We are not only learnt on how to report on capital market but also we have got skills of how to invest and save through stock market, we suggested that stock market practitioners should collaborate with us every day so as to specialize in this business area” .

Business reporters were trained on stock exchange, custodian services, role of blockers and how they operate and on Wealth/Fund Management.
Prepared by Ezechiel MBANANABO
Ag. Public Relations and Communication Officer