Our regulatory oversight ensures issuers adhere to ethical practices and maintain transparency.
Issuers are entities authorized to raise capital by offering securities to the public. They include:
An initial public offer (IPO) is an offer made to the public by a company that did not previously offer its securities to the public. This may also include a company who has its previous offer but all of these securities have been re-acquired by the company.
Are issuers of securities where the securities of a share company have been subject to a public subscription and that are currently held by more than fifty (50) security holders.
Issuing bonds to fund national initiatives.
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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