President Paul Kagame

President Paul Kagame

Delegates are discussing the opportunities availed by nascent capital?markets in the region and their role in stimulating long-term,?inclusive development.

Addressing an audience of more than 300 experts in capital markets?from around the world, Kagame said: ?Capital markets are part of the?infrastructure of optimism upon which Africa?s prosperity rests?.

?By working to prioritise capital market development, we are opening a?new chapter in our story of liberation,? he added.

The two-day conference, the first of its kind in the country, is?organised by the Government of Rwanda and the International Finance?Corporation (IFC), a member of the World Bank Group.

Stressing the need for Africa to work together to tap into the global?financial markets, the Head of State said: ?We are much poorer than we?have any reason to be because we have lacked the ability to accumulate?our own wealth.

?No country on our continent on its own is big enough or rich enough?to build and sustain the markets that Africa needs?.

Regional, continental and even global integration is more essential?than ever before, he said. ?By working to prioritise capital market?development, we are opening a new chapter in our story of liberation?

Participants will discuss topics ranging from the need for a robust?infrastructure for efficient financial markets, human capital?investment, the international perspective on domestic issuances and?the financing of real sectors through capital markets.

Key speakers at the conference include Dr Richard Sezibera, the?Secretary General of the East African Community (EAC); Amb. Claver?Gatete, the Minister for Finance and Economic Planning; Andrew?Wachira, the Acting CEO of the Nairobi Stock Exchange; and Benno?Ndulu, Tanzania?s central bank governor, among others.

The New Times

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