The Rwanda Capital Market Authority (CMA) has appointed Romeo Ngarambe as its new Chief Executive Officer, bringing to a close the brief interim leadership of Eric Karekezi Ngabonziza, who had served as Acting CEO since January 7.

Ngarambe takes over from Thapelo Tseole, a Botswana national whose departure earlier this year created a leadership transition at the market regulator.

The appointment signals a new chapter for Rwanda’s capital markets as the country continues to position itself as a regional financial hub.

During the interim period, Ngabonziza provided continuity and stability at the authority, overseeing ongoing regulatory and market development initiatives while the search for a substantive CEO was underway.

Ngarambe brings to the role extensive experience in finance, investment, and capital markets development.

He is widely regarded for his strong background in financial regulation, market infrastructure, and institutional leadership, with a career spanning both the public and private sectors.

Before his appointment, Ngarambe held senior roles where he was involved in policy formulation, investment oversight, and the strengthening of financial institutions.

His professional track record reflects a deep understanding of capital markets, corporate governance, and investor protection key pillars of the CMA’s mandate.

As CEO, Ngarambe is expected to focus on deepening Rwanda’s capital markets, expanding investor participation, promoting new financial products, and strengthening regulatory frameworks in line with international best practices.

His appointment comes at a time when Rwanda is accelerating efforts to mobilize long-term capital to support national development priorities, private sector growth, and regional market integration.

With new leadership now in place, the Rwanda Capital Market Authority is poised to build on recent reforms and drive the next phase of growth and innovation in the country’s financial markets.