ABUJA, Nigeria — The Securities and Exchange Commission (SEC) has signed a memorandum of understanding (MoU) with Rwanda’s Capital Markets Authority (CMA) to strengthen cooperation on capital market supervision, enforcement, and investor protection, the commission announced on Monday.
In a statement issued by the commission, SEC disclosed that the agreement also covers investor education, capital market development, information sharing on regulatory and market developments, as well as capacity building, training, and technical assistance. The MoU is expected to foster closer collaboration between the two regulatory bodies and enhance the integrity and efficiency of capital markets in both countries.
The SEC stated that the partnership reflects a shared commitment to promoting cross-border investment, strengthening regulatory frameworks, and protecting investors in an increasingly interconnected global financial system. The agreement establishes a framework for regular consultation and coordination between the two regulators on matters of mutual interest.
The MoU also provides for the exchange of information and expertise on market surveillance, enforcement actions, and the development of innovative financial products. Both regulators have committed to working together to address emerging challenges in capital markets, including those arising from technological advancements and evolving market practices.
The agreement was signed during the 2026 annual conference of the African Securities Exchanges Association, currently underway in Kigali, Rwanda. The conference, themed “Driving Sustainable Growth Through Capital Market Integration in Africa,” is hosting regulators, exchange operators, and market participants from across the continent to deliberate on ways to deepen capital market integration and foster inclusive economic growth.
The signing of the MoU between the SEC and Rwanda’s CMA represents a significant step towards strengthening regulatory cooperation in Africa and promoting the development of robust and resilient capital markets across the continent. It also reflects the growing recognition of the importance of cross-border collaboration in addressing the complexities of modern financial markets and enhancing investor confidence in the region.
