ECMA / ኢካገባ

Finance Forward Ethiopia

Finance Forward Ethiopia
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A high-level dialogue of financial institutions was convened under the theme “Finance Forward Ethiopia,” in the presence of Prime Minister Dr Abiy Ahmed.

The high-level dialogue underscored the critical role of financial institutions in advancing Ethiopia’s ongoing Homegrown Economic Reform agenda.

It also highlighted the progress achieved and the future direction of the Ethiopian Capital Market Authority (ECMA), one of the key institutions established under the homegrown economic reform initiative.

During the discussion, the Director General of the Ethiopian Capital Market Authority, Ms. Hana Tehelku, delivered a presentation entitled “From a Strong Foundation to Sustainable Growth: Building Citizens’ Economic Capacity through the Capital Market.” Her presentation highlighted the Authority’s achievements to date and outlined the strategic direction of Ethiopia’s capital market.

Ms. Hana outlined the key measures implemented following the establishment of the Ethiopian Capital Market Authority as part of the Homegrown Economic Reform.

These included the development of capital market infrastructure, the establishment of comprehensive legal and regulatory frameworks, the licensing of capital market service providers, and other foundational initiatives essential to building a well-functioning and resilient capital market.

She further emphasized the Authority’s key future focus areas, which include building an inclusive capital market that benefits all citizens, positioning the market as a sustainable source of financing for innovation and job creation, and strengthening collaboration with both domestic and international partners.

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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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