The Capital Market Authority of Rwanda (CMA) and the Chartered Institute for Securities & Investment (CISI) have renewed their strategic partnership to elevate the standards and professionalism of Rwanda’s capital markets.
The collaboration was formalized through a newly signed Memorandum of Understanding (MoU) at CISI’s headquarters in London.
This milestone agreement was inked during a high-level visit organized by TheCityUK under the auspices of the Kigali International Financial Centre (KIFC) Skills Council initiative.
The Rwandan delegation, which included senior figures from government, regulatory bodies, the Rwanda Stock Exchange, and financial sector development institutions, used the visit to engage in strategic dialogue on bridging financial services skills gaps, a cornerstone of Rwanda’s broader ambition to establish a world-class financial ecosystem.
The MoU was signed by Tracy Vegro OBE, Chief Executive of CISI, and Thapelo Tsheole, Chief Executive of CMA. It outlines a structured plan to professionalize Rwanda’s capital markets workforce through globally benchmarked qualifications and ongoing professional development.
At the heart of the renewed agreement is a three-part licensing pathway for capital market practitioners. The pathway comprises CISI’s International Introduction to Securities & Investment qualification, a refreshed Rwanda Regulatory Assessment, and a role-specific technical module.
Together, these components are designed to align with global standards and ensure competency and ethical integrity in Rwanda’s growing financial services sector. In a significant policy shift, Continuing Professional Development (CPD) will become a mandatory component of licence renewal.
This will help ensure that capital market professionals continually update their knowledge and skills, fostering resilience and adaptability in an increasingly sophisticated and fast-evolving financial landscape.
Speaking on the partnership, Tracy Vegro emphasized the importance of investing in human capital to build a trustworthy and professional financial sector:
“CISI is proud to work alongside the CMA in delivering a future-focused suite of qualifications and lifelong learning tools for Rwandan financial professionals. Strengthening skills, standards, and ethical awareness is fundamental to earning and maintaining public trust in capital markets.”
Thapelo Tsheole, CEO of CMA, echoed this sentiment and underlined the transformative potential of the initiative:
“This marks an important milestone in our journey to raise the integrity and professional capacity of Rwanda’s capital markets to support our long-term strategy to position Rwanda as a competitive international financial hub,” Thapelo said.
“The new qualifications-based licensing framework we are rolling out in partnership with CISI is tailored to equip practitioners with the tools and ethical foundations needed to succeed in today’s complex financial environment,” he added.
The renewed partnership not only strengthens CISI’s role as a trusted capacity-building partner in Africa but also reinforces Rwanda’s commitment to financial sector reform, transparency, and global alignment.
