About CMA
Capital Market Authority (CMA) is a specialized organ established by Law No.057/202021 bis of 18/09/2021 establishing the Capital Market Authority of Rwanda, with dual mandates for developing and regulating the capital markets industry, commodities exchange and related contracts, warehouse receipts systems and collective investment schemes. CMA was previously referred to as the Capital Market Advisory Council (CMAC) which was a council established by Prime Minister's Order of 28 March 2007 to initially guide the development of a Capital Market in Rwanda. The Law No 057/2021 bis of 18/09/2021 repeals the Law No 23/2017 of 31/05/2017 and other prior related legal provisions.
Our Vision
To be a key contributor to Rwanda becoming a competitive financial center through mobilization of long term capital.
Mission
To nurture wealth by facilitating the development of an orderly, fair, transparent and efficient capital market.
Core values
Good Governance, Knowledge, Creativity and Innovation.
Latest news
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CMA calls for stronger business readiness to access capital markets
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Rwanda links gender equality to stronger capital market growth
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CMA & Rwanda Stock Exchange discuss market development with East Capital Group
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CMA sets out regulatory approach to tokenisation at Inclusive FinTech Forum 2026
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MINISPORTS and Capital Market Stakeholders Urge Athletes to Embrace Investment Through the Capital Markets
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The Capital Market Authority Welcomes Romeo Ngarambe as Chief Executive Officer
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Rwanda’s Capital Market Stakeholders Consultation on the Draft Regulation Governing Intermediary Service Platform Operators
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Rwanda’s Capital Market Records Broad-Based Growth in FY2024/25
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Strong Regulation Is the Bedrock of a Strong Stock Exchange as RSE Marks 15 Years
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CMA Meets Investment Managers to Accelerate Growth of Rwanda’s Asset Management Industry
