This collaboration is expected to enhance financial integration and create new investment opportunities in both countries. Under this partnership, the two institutions will exchange expertise, share best practices, and provide technical support to advance the development of their respective securities markets.
Additionally, the agreement includes capacity-building initiatives, enabling staff from both exchanges to participate in professional exchanges, attachments, and internships.
The collaboration will also foster networking events, seminars, and strategic partnerships to stimulate market expansion in Rwanda and Ethiopia.
Highlighting the significance of this initiative, Tilahun Esmael Kassahun (PhD), Chief Executive Officer of ESX, stated, 'This MoU helps in advancing regional financial integration. By leveraging the strengths of both exchanges, we aim to create a more dynamic and interconnected securities market that benefits investors and businesses alike.'
On his part, Pierre Celestin Rwabukumba, Chief Executive Officer of RSE, also emphasized the importance of knowledge sharing in driving market development.
'The signing marks an important step to strengthen ties of both markets and pave the way for our commitment to knowledge sharing and innovation, and foster stronger partnerships that will benefit both institutions and our communities.'
The partnership is poised to enhance market efficiency, transparency, and investor confidence.
By working together, RSE and ESX seek to establish a more vibrant and competitive capital market landscape in Africa, promoting regional economic growth and expanding investment prospects.
Sam K Nkurunziza
