The Ethiopian Capital Market Authority (ECMA) has granted a Capital Market Service Provider (CMSP) license to Gadaa Securities Dealer S.C., authorizing the firm to operate under the Securities Dealer category. Alongside the core license, ECMA approved the registration of four appointed representatives and endorsed the appointment of six board directors within Gadaa Securities Dealer S.C.,
Ethiopian Investment Holdings (EIH), Ethiopia’s sovereign wealth fund, has launched a sweeping leadership and governance reform across its portfolio of state-owned enterprises, signaling a decisive shift toward commercially oriented management and stronger accountability. The reform drive, led by EIH Chief Executive Officer Brook Taye, aims to modernize board structures and executive leadership in line with
Awash Capital S.A. has officially commenced operations, becoming the fourth licensed investment bank in Ethiopia under the regulation of the Ethiopian Capital Market Authority (ECMA). The Chairman of the Board of Awash Capital S.A. and Chief Executive Officer of Awash Bank, Ato Tsehai Shiferaw, announced that the investment bank received its license from the Ethiopian
The Development Bank of Ethiopia (DBE) has overhauled its top leadership after a prolonged internal dispute between its board and executive management disrupted decision-making at the state-owned policy bank. Essayas Kassa (PhD) has been appointed president of DBE, while Brook Taye (PhD), chief executive of Ethiopian Investment Holdings (EIH), has been named chair of the
Ethiopia has officially launched the Ethiopian Institute of Certified Public Accountants (ETI-CPA), a landmark initiative supported by the World Bank to expand professional opportunities for the country’s youth. The new institute will allow Ethiopians to pursue internationally recognized accounting certification without leaving the country—an advancement hailed as a major step in Ethiopia’s economic modernization agenda.
The Ethiopian Capital Markets Authority (ECMA) has issued a stern public warning to share companies and investors following the expiration of the deadline for registering previously issued securities on November 16, 2018 (E.C). According to the Authority, all issuers are legally required to register both newly issued and previously issued securities held by shareholders. With
The second Ethiopian Capital Market Summit has already been recognized as a milestone in the country’s evolving financial landscape. But this year, it delivered something even more defining: Ethiopia’s first-ever Student Stock Pitch Competition, a groundbreaking event organized by AfroAccess Investment Lab. For a market still in its formative years, the decision to place students
Ethiopia’s capital market is entering a period of rapid expansion, according to Dr. Tilahun Kassahun, CEO of the Ethiopian Securities Exchange (ESX). He revealed that four additional financial institutions are preparing to list in the coming weeks, bringing the total to at least nine expected listings by the end of the Ethiopian fiscal year. Dr.
Wegagen Capital Investment Bank (WCIB) has completed the preparation of Sidama Bank’s prospectus, a key document required for approval by the Ethiopian Capital Market Authority (ECMA). WCIB’s team of local and international experts worked together to finalize the document, which is now ready to be submitted. The prospectus is a major legal requirement under Ethiopia’s
The Ethiopian Capital Market Authority (ECMA) has issued a strict warning to individuals and groups promoting or selling securities—especially shares of joint stock companies—through social media without a proper license. According to ECMA, several people have recently been offering, marketing, and advertising investment opportunities online without approval. These activities violate the Capital Market Proclamation No.
The National Bank of Ethiopia (NBE) on Saturday launched the country’s first full Central Securities Depository (CSD) and introduced a new digital investor platform called Ts’ega, in a move aimed at modernising Ethiopia’s financial market infrastructure. The new CSD system will store and manage securities electronically, replacing manual processes and reducing the risk of errors.
Ethiopia’s Capital Market Authority (ECMA) has granted a Capital Market Service Provider licence to Awash Capital Investment Bank S.C., allowing it to operate as an investment bank within the Awash banking group, the regulator said on Wednesday. The approval includes licences for four appointed representatives and the endorsement of five board directors at Awash Capital,
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