ECMA / ኢካገባ

ECMA and ESX Soft Launch Ethiopia’s Sustainable Securities Framework

The Ethiopian Capital Market Authority (ECMA) and the Ethiopian Securities Exchange (ESX), in collaboration with FSD Ethiopia, held soft launch session for Ethiopia’s Sustainable Securities guidelines and listing frameworks, a key initiative aimed at supporting sustainable finance and responsible investment in the country.

The launch program was officially opened by ECMA Director General Hana Tehelku, who highlighted the importance of creating a capital market that supports sustainable economic growth and encourages investments with positive environmental and social impact.

The soft launch introduced the Sustainable Securities Guideline, the Minimum Documentation Pack, and the ESX Guideline on Listed ECMA-Labelled Sustainable Securities. The framework will support the issuance of green, social, sustainability, and sustainability-linked securities in Ethiopia.

The event brought together key market stakeholders, investors, financial institutions, and development partners to engage on the new framework and its role in advancing Ethiopia’s capital market development.

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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