The Ethiopian Capital Market Authority (ECMA) is responsible for issuing licenses to intermediaries, reviewing applications from securities issuers, and approving various capital market products.
The Authority is mandated to issue licenses to intermediaries, consider various applications by issuers of securities, and approve the registration of Collective Investment Schemes, corporate actions, and restructurings, among other products offered in the capital markets.
To learn more you can find more information on the following documents:
To Apply For a License, Follow these Steps
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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