The Capital Markets Authority of Rwanda, CMA, has signed a Memorandum of Understanding with the Securities and Exchange Commission of Nigeria, SEC Nigeria, aimed at promoting cooperation and strengthening the integration of the capital markets of both countries.
The agreement was signed on Monday, 22 June, during a working visit by CMA Rwanda officials to Nigeria, where they engaged with their counterparts at SEC Nigeria to deepen collaboration on market development and regulatory cooperation.
The MoU sets out a broad framework for partnership in key areas including regulatory cooperation, capacity building, investor education, information sharing, innovation, sustainable finance, and cross-border investment.
It is expected to support efforts to create more vibrant, transparent, and connected capital markets across the two economies.
CMA Rwanda CEO, Romeo Ngarambe, said the partnership reflects Rwanda’s ambition to build a strong and interconnected financial market.
“This MoU is a statement of intent. Rwanda is building a connected, innovative and trusted capital market, and we are doing it in partnership with the best on the continent. Working with SEC Nigeria, we will accelerate knowledge sharing, sharpen market supervision and open real opportunities for issuers, investors and intermediaries across our two markets,” he said.
On the Nigerian side, SEC Nigeria Director General Dr. Emomotimi Agama welcomed the partnership, saying it would help strengthen Africa’s financial systems through collaboration.
“Africa’s capital markets are stronger when our regulators move together, sharing knowledge, harmonising standards and building the confidence that draws investment across our borders. We look forward to working closely with CMA Rwanda to turn this MoU into tangible results,” he said.
Officials noted that the agreement marks an important step in positioning Rwanda’s capital market as a competitive platform for long-term financing, innovation, and regional integration.
It is also expected to enhance market supervision, investor protection, transparency, and overall market integrity while opening new opportunities for investors and issuers in both countries.
