ECMA / ኢካገባ

A Big Step Forward for Ethiopia’s Capital Market!

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The Ethiopian Capital Market Authority (ECMA) is excited to welcome three new capital market service providers, bringing the total number of licensed CMSPs from eight to eleven:

✅  First Addis Investment Bank PLC – Investment Bank (the first non-banking group)

✅  Ignite Capital PLC – Securities Investment Advisor

✅ Zuri Capital S.C – Securities Investment Advisor

Within these entities, ECMA has also licensed ten Appointed Representatives.

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ECMA Director General Hana Tehelku congratulated the new licensees and highlighted their vital role in creating an inclusive, transparent, and resilient financial market for all.

These new additions reflect the growing confidence in Ethiopia’s capital market and open exciting opportunities for investors.

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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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