The Ethiopian Capital Market Authority (ECMA) has granted a Capital Market Service Provider (CMSP) license to Prime Capital S.C, authorizing the company to operate under the Investment Banking (non-banking group) category.
Additionally, the Authority has approved the licensing of four (4) Appointed Representatives and approved the appointment of nine (9) board directors within Prime Capital S.C.
The license was officially issued on Tuesday, April 21, 2026, raising the total number of licensed CMSPs in the country to seventeen (17) and total number of Investment Banks to six (6).
The Director General of the ECMA, Hana Tehelku, formally presented the license to the leadership of Prime Capital S.C. During the license ceremony, the Director General emphasized the critical role of Investment Banks in the development of the capital market and investor protection by facilitating capital market transactions and equipping investors to make an informed decision.
Furthermore, the Director General urges licensed capital market service providers to uphold corporate governance standards, market integrity, prioritize investor interests, and ensure compliance with capital market regulatory frameworks.
The Ethiopian Capital Market Authority congratulates Prime Capital S.C and reiterates its unwavering commitment to fostering a strong, inclusive, and resilient capital market that supports sustainable economic growth and investor protection in Ethiopia.
