SEC seeks stronger ties with Rwanda on capital market regulation
Abuja, June 2026 (TBL Africa) The Securities and Exchange Commission (SEC) and the Capital Markets Authority (CMA) of Rwanda have signed a Memorandum of Understanding to strengthen cooperation on capital market enforcement and supervisory matters.
SEC disclosed this in a statement issued in Abuja on Monday.
According to the commission, the agreement also covers investor education, capital market development, exchange of information on regulatory and market developments, as well as capacity building, training and technical assistance.
The Director-General of SEC, Dr Emomotimi Agama, said the commission was committed to collaborating with African countries to harmonise regulations, promote cross-border listings and enhance investor protection across the continent.
“We need to cooperate in Africa, invest in each other’s markets and grow our continent.
“In doing so, we will build collaboration and a strong interconnection among African countries. The time has come for us to look inwards.
“We appreciate the strength of the Rwandan economy and recognise the progress made in finance, commerce and other sectors.
“On our part, we have a strong capital market structure and we want to explore the role the capital market can play in advancing Africa’s development,” Agama said.
He said the partnership would support the growth of both markets and improve the welfare of citizens.
According to him, governments should leverage long-term capital to finance long-term development projects.
“The capital market is a viable platform for raising funds for infrastructure development.
“We see the capital market as a solution provider for driving economic growth and development,” he said.
The Chief Executive Officer of CMA Rwanda, Mr Romeo Ngaranbe, said Rwanda was eager to learn from Nigeria’s experience in capital market development.
“We are here to learn from you because you have a more advanced capital market, and we are confident that we will gain valuable lessons from your experience.
“Whatever knowledge you share with us, we will put it to good use, and we look forward to a fruitful partnership,” Ngaranbe said.
