ECMA / ኢካገባ

Driving Growth Through Partnership: ECMA Engages with Delegates from the Embassy of Luxembourg

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The Ethiopian Capital Market Authority (ECMA) held a productive meeting with representatives from the Embassy of Luxembourg to discuss ongoing collaboration and future opportunities in capital market development.

During the meeting, ECMA shared updates on key regulatory milestones and strategic plans shaping the future of Ethiopia’s capital market.

The Authority also expressed its deep appreciation for Luxembourg’s invaluable support, provided through the African Development Bank’s (AfDB) Capital Markets Development Trust Fund (CMDTF) grant.

Together, both sides explored ways to further strengthen Ethiopia’s financial sector and unlock sustainable, long-term financing opportunities that drive inclusive economic growth.

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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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