The Rwanda Capital Markets Authority’s Chief Executive Officer, Thapelo Tsheole, used remarks at the 8th Africa Congress of Accountants to argue that modern, innovation-oriented regulation is central to sustainable growth and investor confidence in Africa’s capital markets, and urged markets to align standards with the International Sustainability Standards Board (ISSB) framework. He framed robust rules as providing investor clarity and protection from unfair practices, and linked international capital flows to adherence to recognised standards. Tsheole highlighted that investors increasingly assess how markets and issuers address environmental, social and governance (ESG) factors, calling on exchanges and issuers to embed ESG principles across products and reporting. He also pointed to the rise of Green, Social, Sustainability and Sustainability-linked (GSS+) instruments as a growing channel for financing areas such as renewable energy, healthcare and affordable housing.
Rwanda Capital Markets Authority 2025-05-09
Rwanda Capital Markets Authority urges ISSB-aligned standards and ESG integration across African capital markets
Thapelo Tsheole, CEO of the Rwanda Capital Markets Authority, stressed at the 8th Africa Congress of Accountants the need for innovation-oriented regulation to boost sustainable growth and investor confidence in Africa's capital markets. He supported aligning standards with the International Sustainability Standards Board framework and integrating ESG principles. Tsheole highlighted the growing role of Green, Social, Sustainability, and Sustainability-linked instruments in financing sectors like renewable energy and healthcare.