At the close of an East African Community Regional Technical Working Group meeting in Kigali, Rwanda Capital Markets Authority Chief Executive Officer Romeo Ngarambe called for continued action to build a more integrated East African capital market and enable cross-border trading of government securities. In that context, he said the meeting had moved the region closer to the legal, regulatory and operational foundations needed for seamless trading among East African Community Partner States. The working group brought together representatives from finance ministries, central banks, capital markets authorities, securities exchanges and the East African Community Secretariat to review progress and agree next steps for regional financial market integration. Participants examined key East African Community Council Directives covering admission to trading on secondary exchanges, public debt offers, regional listings, central securities depositories and securities exchanges. The review focused on improving legal clarity, aligning regulatory frameworks, harmonising market practices, and ensuring trading and settlement systems can support cross-border transactions. The next phase will center on updating the relevant directives, improving coordination among Partner States and aligning market infrastructure for efficient cross-border trading of government securities. The Technical Working Group's recommendations are expected to be submitted to the Monetary Affairs Committee, the Committee on Fiscal Affairs, and the Capital Markets, Insurance and Pensions Committee for consideration.

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