The Ethiopian Capital Market Authority (ECMA) has granted a Capital Market Service Provider (CMSP) license to Awash Capital S.C., authorizing the company to operate under the Investment Bank (within a banking group) category. This marks another key milestone in the market’s development, bringing the total number of licensed CMSPs to thirteen (13) and the total number […]
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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