Regulatory Sandbox

Innovate, Test, Transform

Welcome to the gateway of innovation in Ethiopia’s capital market. The Ethiopian Capital Market Regulatory Sandbox, a pioneering initiative by the Ethiopian Capital Market Authority (ECMA), in collaboration with the Innovative Finance Lab (IFL), offers a dynamic platform for both emerging and established firms to test groundbreaking capital market products, services and business models.

Here, innovation meets opportunity in a controlled environment, designed to balance bold new ideas with meticulous regulatory oversight.

Whether you’re a startup aiming to disrupt traditional financial market paradigms or an existing institution seeking to pioneer new technologies in capital market service provision, the sandbox provides the tools and guidance necessary to refine your innovations safely and efficiently.

Why Engage with the Regulatory Sandbox?

Regulatory Guidance

Navigate the complexities of capital market regulations with direct support from the ECMA

Safe Testing Environment

Test your innovations in a secure setting without the immediate pressures of full-scale market deployment.

Faster Market Entry

Accelerate your path from concept to market with tailored advice and reduced bureaucratic hurdles.

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Are you ready to take your company public?The Ethiopian Capital Market Authority (ECMA), with support from the World Bank and FSD Ethiopia, invites forward-thinking companies to apply for Cohort 1 of the IPO Clinic — a structured, one-year program designed to assess IPO readiness and provide tailored technical support. Whether you’re a private company, share company, or SOE, this is your opportunity to gain hands-on guidance, access financial and legal experts, and position your business for long-term growth through the capital market.

Download the full Call for Application to learn how to apply, what’s required, and how your company can become IPO-ready.

Call For Application IPO Clinic Cohort 1

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).

Call For Application IPO Clinic Cohort 1

Capital Market Summit 2024

Be part of a groundbreaking event where industry leaders and experts will gather to explore the future of capital markets. Don’t miss your chance to connect, learn, and engage with key players in the industry. Reserve your spot now!