KAMPALA, September 25, 2026 — The East African Community [ EAC ] has reactivated the Capital Markets Sub-Committee of the Capital Markets, Insurance and Pensions Committee [CMIPC], paving the way for accelerated implementation of regional capital markets integration initiatives in support of preparations for the East African Monetary Union [EAMU].
The commitment was made during a three-day meeting of the Capital Markets Sub-Committee held at the EAC headquarters in Arusha, Tanzania from September 15–17, 2026, which brought together chief executive officers and senior technical representatives from securities exchanges, capital markets and securities regulatory authorities, and central securities depositories across the EAC Partner States.
The meeting marked the first formal engagement of the Sub-Committee since 2019 and followed a directive by the 18th Meeting of the Sectoral Council on Finance and Economic Affairs [SCEFA] to resume the Committee’s work and strengthen regional coordination on capital markets integration.
Chairing the meeting on behalf of Josephine Okui Ossiya, Chief Executive Officer of the Capital Markets Authority Uganda, Dickson Ssembuya, Director of Research and Market Development at the Authority, emphasised that resuming the Committee’s work was critical to strengthening regional coordination and advancing the EAC capital markets integration agenda.
“The last engagement of chief executives under this Sub-Committee was in 2019. Since then, integration efforts have continued, but without the regular coordination and oversight that this Committee was established to provide. Today’s meeting represents an important step towards restoring that collaboration and ensuring that all EAC capital markets move forward together,” said Ssembuya.
Speaking on behalf of the EAC Secretariat, Aime Uwase, Director of Planning, underscored the strategic importance of the meeting.
“The resumption of the Capital Markets Sub-Committee’s activities comes at a critical time as the Community advances preparations for the EAMU. Strong coordination among regional institutions is essential to building integrated, efficient and resilient capital markets capable of mobilising investment and supporting sustainable economic development across the region,” said Uwase.
Uwase called on Partner States to maintain a shared commitment to developing capital markets that are efficient, inclusive and resilient, and that support the broader objectives of the EAMU.
Among the key outcomes of the meeting was the endorsement of updated Terms of Reference for the Capital Markets Sub-Committee, reaffirming its role as the principal technical and policy coordination mechanism for regional capital markets integration.
The revised framework broadens participation to reflect the EAC’s expanded membership and strengthens the Sub-Committee’s mandate in areas including regulatory harmonisation, market development, product diversification and the interlinking of regional financial market infrastructure.
The meeting also noted the need to develop a comprehensive regional business requirements specification to inform the design and implementation of a regional capital markets connectivity framework.
The connectivity framework is expected to facilitate seamless cross-border capital market activities within the EAC.
The Sub-Committee also reviewed progress made under previous capital markets integration initiatives undertaken during the diagnostic stage for the establishment of the East African Monetary Institute [EAMI] and received updates on development support for a follow-up phase.
The outcomes of the meeting are expected to accelerate the development of interconnected regional capital markets infrastructure, strengthen regulatory cooperation among EAC Partner States, facilitate cross-border investment and contribute to more efficient mobilisation of long-term capital.
They are also expected to support the development of innovative regional financial products and enhance the region’s readiness for deeper financial and monetary integration.
Buy your copy of thecooperator magazine from one of our country-wide vending points or an e-copy on emag.thecooperator.new
-
-
-
-
