Capital Market as a Catalyst for FinTech Growth – CEO Thapelo Tsheole

The Chief Executive Officer of the Capital Market Authority of Rwanda, Mr. Thapelo Tsheole on Tuesday, 25 February 2025 addressed participants at the Inclusive FinTech Forum, where he participated in a panel discussion on “Bridging the Funding Gap: Building Private Capital and Leveraging Development Finance.”

Mr. Tsheole underscored the pivotal role of capital market in unlocking funding for fintech enterprises, emphasising the importance of a structured regulatory environment to consolidate resources and support sustainable sectoral growth.

“We are establishing a market that enables private investors and funds to finance various businesses,” he stated. “Providers of capital require assurance that their investments remain secure.”

He further highlighted the necessity of fostering robust local networks for private capital, urging stakeholders to leverage fintech solutions in mobilising funds. “People must utilise fintech solutions to facilitate funding,” he added.

As part of ongoing market reforms, Mr. Tsheole noted that the Capital Market Authority had revamped collective investment schemes, providing individuals with surplus capital the opportunity to access the market through private equity, specialised funds, or crowdfunding mechanisms. These enhancements aim to create a more inclusive and dynamic financial ecosystem.

The Capital Market Authority remains committed to advancing regulatory frameworks and market structures that support private investment, innovation, and sustainable fintech development.

The Authority will continue to engage with stakeholders to build a resilient capital market that fosters economic growth and financial inclusion.