Tsheole underscored the pivotal role of capital market in unlocking funding for fintech enterprises, emphasizing 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. Providers of capital require assurance that their investments remain secure," he stated.
He further highlighted the necessity of fostering robust local networks for private capital, urging stakeholders to leverage fintech solutions in mobilizing funds. "People must utilize fintech solutions to facilitate funding," he said.
As part of ongoing market reforms, Tsheole noted that the Capital Market Authority had revamped collective investment schemes, providing individuals with surplus capital the opportunity to access the market through other means.
They include private equity, specialized funds, or crowdfunding mechanisms which enhancements 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.
IGIHE
