ECMA

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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Collective Investment Scheme Draft Directive

The Ethiopian Capital Market Authority (ECMA) as per Articles 86(4), 87(1) and (2), 90(3) and 108 of the Capital Market Proclamation No. 1248/2021, has prepared a draft directive on Collective Investment Schemes (CIS). The draft directive provides a framework for the registration, operation, and supervision of collective investment schemes. To acces the draft directive please click the buttons below.

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