ECMA / ኢካገባ

ECMA Briefs Equity Bank on Ethiopia’s Capital Market

The Ethiopian Capital Market Authority (ECMA) held a meeting with Equity Bank, one of the largest banks in sub-Saharan Africa.

During the meeting, the Group CEO of Equity Bank expressed the bank’s intention to enter the Ethiopian market and underscored the relevance of the capital market in shaping this decision.

Ms. Hana Tehelku, Director General of ECMA, provided an overview of the Authority’s progress to date and highlighted its significance for entities seeking to establish a presence in Ethiopia.

She emphasized the transparency, efficiency of capital formation, and other benefits that the capital market will offer.

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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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