Rwandan Capital Market In Financial Sector Restructuring And Development Case Of Selected Financial Institutions (2011-2016)

Abstract

ABSTRACT The government of Rwanda has got a strategic long vision for the development of all sectors of the country life. This vision is expressed through the planned documents such as the “Vision 2020”, the Economic Development and Poverty Reduction Strategy (EDPRS). The objective of this vision is to transform Rwanda into a middle-income country and an economic trade and communication hub in the region and EDPRS provides priorities for public spending, together with key performance targets, projected financing and needs as well as monitoring and evaluation plans. For this to be achieved, it requires a huge investment and therefore a development of a strong financial sector. The study based on the following objectives: To examine the factors and indicators of finance sector restructuring and development in Rwanda during the period of 2011 to 2016. To assess the nature of change of the capital market of Rwanda for the period from 2011 to 2016. To identify the extent to which Rwanda capital market can contributes to financial sector restructuring and development in Rwanda during a period of 2011 to 2016. To suggest a better financial restructuring and development based on SWOT analysis. The research study was both quantitative and qualitative. Structured questionnaires and rating scales were applied for data analysis. The study used sample size of 142 respondents was selected from target population 220 respondents of the study using Random sampling technique. Findings regarding the Rwanda Capital Market in financial sector restructuring indicated that the majority of respondents perceive financial sector restructuring as very essential in the economic development of Rwanda. Among the recommendations suggested, the following was the major of all. Creating awareness to all stakeholders of stock markets, this will create confidence among potential investors and will lead to better performance of financial sectors after their restructuring.