About CMA

Capital Market Authority (CMA) was established by the Prime Minister’s Order of 28 March 2007 to initially guide the development of a Capital Market in Rwanda. It was previously referred to as the Capital Market Advisory Council (CMAC) till June 9th ,2011 , CMAC operated as the Capital Market Regulator, pending the creation of the CMA as provided in the Law N°11/2011 of 18/05/2011 published on 9th June, 2011.

CMAC facilitated the creation of the RSE as a Stock Exchange and admitted 10 members of the RSE awaiting licensing powers provided in the newly published CMA law. One of the statutory objectives of the Capital Market Authority, CMA is to promote and develop the capital markets industry in Rwanda. Investor education is one of the ways of attaining this goal.

Our Vision
To be a key contributor to Rwanda becoming a competitive financial center through mobilization of long term capital.    

To nurture wealth by facilitating the development of an orderly, fair, transparent and efficient capital market.