The Rwanda Capital Markets Authority has officially granted United Capital Financial Services Rwanda Ltd a license to operate as an investment bank, marking a major milestone in the company’s expansion across East and Central Africa.
The approval allows the subsidiary of United Capital Plc one of Africa’s leading investment banking and financial services groups to establish operations in Rwanda and serve regional markets from Kigali.
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Kigali Chosen as Regional Headquarters
United Capital’s decision to base its East and Central African headquarters in Kigali reflects growing international confidence in Rwanda’s business friendly environment, strong governance systems, and well developed financial regulatory framework.
The expansion also aligns with Rwanda’s broader ambition to position Kigali as a global financial services hub, leveraging its strategic location and investor-friendly policies to attract major financial institutions.
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CMA Hails Landmark Development
The Chief Executive Officer of the Rwanda Capital Markets Authority (CMA), Romeo Ngarambe, described the development as a significant milestone for Rwanda’s financial sector.
He said United Capital’s move to establish its regional headquarters in Kigali sends a strong signal to global investors about the strength and reliability of Rwanda’s capital markets and institutions. “It sends a message to the world that the Rwandan market is strong, our institutions are reliable, and our ambitions are aligned with action. This is a game changer for the capital market, and we are ready to support it by continuing to build a platform suitable for major African companies,” he said.
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Boost for Regional Financial Services and Investment Growth
Under the new license, United Capital Financial Services Rwanda Ltd is authorized to provide a wide range of investment banking and capital market services, including capital raising and financial structuring, project and infrastructure financing, trade and supply chain support services, collateral backed financial solutions, professional asset management, and capital market advisory services, as well as institutional capacity development.
The company cited Rwanda’s ease of doing business, modern infrastructure, effective governance, and strategic regional access as key factors behind its decision to choose Kigali as its expansion hub.
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The entry of United Capital is expected to improve access to sophisticated financial services for investors, businesses, and institutions across East and Central Africa, while further strengthening Kigali’s position as a trusted international financial center.
It also supports Rwanda’s long term vision of building a strong financial sector capable of mobilizing large scale investments needed for infrastructure development, industrial growth, innovation, and broader regional economic transformation.
