Capital Market University Challenge

About CMA

Capital Market Authority (CMA) is a public institution established by Law No.23 /2017 of 31/05/2017 responsible for developing and regulating the capital markets industry, commodities exchange and related contracts, collective investment schemes and warehouse receipts system. 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.


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.


Core values
Good Governance, Knowledge, Creativity and Innovation.