The Chief Executive Officer of the Capital Markets Authority, Romeo Ngarambe called on Rwanda’s banks and insurance companies to use the capital markets to diversify their sources of finance and fund long-term growth.
He made the remarks at the Rwanda Stock Exchange CEO’s Roundtable Breakfast Meeting, attended by chief executives and managing directors from the banking and insurance sectors.
The meeting focused on how capital markets can complement traditional finance and give institutions access to long-term capital, sustainable finance options and stronger governance structures.
He said banks and insurance companies should not act only as providers of finance. They can also issue shares, corporate bonds, sustainable finance instruments and other market products.
The Authority continues to strengthen the legal and regulatory framework, streamline approval processes and support products that meet Rwanda’s financing needs.
CMA also cited the Green, Social, Sustainability and Sustainability-Linked Bond Guidelines. These instruments allow institutions to raise funds for projects with clear environmental and social benefits.
The Authority works with the Rwanda Stock Exchange, transaction advisers, auditors, legal advisers and other market players to prepare institutions for the market. This support covers early consultations, guidance on regulatory requirements and clarity on documentation and disclosure duties.
The Chief Executive Officer of the Rwanda Stock Exchange, Pierre Celestin Rwabukumba urged institutions to look beyond individual projects and support the next generation of Rwandan businesses.
CMA said close coordination among issuers, regulators, advisers and investors can ease access to capital and help build a stronger capital market.