The Capital Markets Authority of Rwanda (CMA) and the Securities and Exchange Commission of Nigeria (SEC Nigeria) signed a Memorandum of Understanding that sets an ambitious agenda to build vibrant, trusted and inclusive capital markets and to connect two of the continent’s fastest-moving financial ecosystems.
The agreement was formalised as CMA Rwanda opened a high-level study visit to Nigeria. On the first day, CMA Rwanda’s Chief Executive Officer, Romeo Ngarambe met the Director General of SEC Nigeria, Dr. Emomotimi Agamato chart a shared path toward deeper regional integration, stronger supervision and bolder cross-border ambition.
The MoU establishes a robust framework for practical, results-driven collaboration across regulatory cooperation, market development, capacity building, investor education, information exchange, innovation, sustainable finance and cross-border investment turning shared ambition into concrete action.
The Chief Executive Officer of the Capital Markets Authority of Rwanda, Romeo Ngarambe noted “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.”
The Director General of the Securities and Exchange Commission of Nigeria, Dr. Emomotimi Agama said “Nigeria welcomes this partnership with open arms. 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.”
The signing marks a decisive step in CMA’s drive to position Rwanda’s capital market as a competitive platform for long-term finance, innovation and regional collaboration. Through the partnership, both institutions will deepen peer learning and technical exchange while strengthening market supervision, investor protection, transparency and market integrity and creating clear pathways for participants to seize opportunities across Rwanda and Nigeria.
