SEC and Rwanda Sign MOU to Boost African Capital Markets

The Securities and Exchange Commission, represented by Salamatu Ejembi Lago, and the Capital Market Authority of Rwanda, led by Chief Executive Officer Mr. Romeo Ngaranb, signed a memorandum of understanding in Abuja, Nigeria. This agreement aims to enhance partnership among African capital markets, fostering stronger interconnectivity within the continent.

Dr. Agama, Director General of the Securities and Exchange Commission, emphasized the importance of developing capital markets across Africa, highlighting the need for cooperation and investment in these markets. He stated that capital markets are crucial for economic development and improving the quality of life for citizens.

The memorandum signifies a commitment to support the continuous evolution of capital markets in Africa, with both regulatory bodies optimistic about the future relationship and collaborative efforts.