Rwanda’s Capital Markets Authority (CMA) and Nigeria’s Africa Prudential Plc signed a Memorandum of Understanding to cooperate on capital markets development, investor services and market technology.
The agreement covers registrar services, securities administration, investor identification, data management, professional development and the use of digital systems to improve the delivery of capital markets services.
CEO Ngarambe said cooperation with experienced African market institutions would help Rwanda draw on practical lessons as it develops its capital markets and improves services for investors.
Managing Director and CEO of Africa Prudential, Dr. Catherine Nwosu said the partnership reflects the value of institutional cooperation, technology and knowledge sharing in improving investor and shareholder services across African capital markets.
Under the MoU, Africa Prudential will share its experience in registrar services, shareholder management and capital market technology, while the two institutions will also cooperate on knowledge exchange and professional development.
The partnership follows a CMA Rwanda’s study visit to Nigeria in June, where a delegation led by Chief Executive Officer Romeo Ngarambe reviewed Africa Prudential’s experience in digital investor services, including virtual shareholder meetings, electronic voting, mobile access to investment portfolios and investor record management.