ECMA / ኢካገባ

AfDB Approves $400,000 Grant to Boost Ethiopia’s Capital Market Development

AfDB Grant day

We are pleased to share that the African Development Bank Group (AfDB) has approved a $400,000 grant to support the continued development of Ethiopia’s capital market ecosystem.

The grant, provided under the Capital Markets Development Trust Fund, will play a pivotal role in strengthening the institutional capacity of the Ethiopian Capital Market Authority (ECMA) and supporting the operational readiness of the Ethiopian Securities Exchange (ESX).

This funding will contribute to:

  • Enhancing ECMA’s regulatory and technological infrastructure
  • Supporting ESX in developing a diverse product offering
  • Laying the foundation for a transparent, resilient, and investor-friendly market

This initiative marks a major milestone in the journey to build a vibrant and inclusive capital market in Ethiopia.

We extend our sincere gratitude to the African Development Bank for its continued support and partnership.

Stay tuned for updates as we implement this exciting initiative.

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Capital markets development is a key component of the Government of Ethiopia’s
(GoE) Home-Grown Economic Reform Program and the 10-Year Development Plan
(2021- 2031). In line with this commitment, the Capital Markets Proclamation (No.
1248/2021) was adopted by the House of Peoples’ Representatives in June 2021, which
included the establishment of the Ethiopian Capital Market Authority (ECMA).

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