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BusinessThe Ethiopian Lottery Service has announced the revocation of licenses for all sports betting companies operating in the country, effective December 6, 2018. In an official statement, the Service said the decision was taken in line with directives issued by the Government of the Federal Democratic Republic of Ethiopia and the regulatory authority granted to
Capital MarketAfter four years in legislative limbo and eight months of careful institution-building, Ethiopia’s first dedicated capital markets court, the Ethiopian Capital Market Administrative Tribunal (ECMAT), is finally about to hear its first cases. ECMAT arrives with a lean but serious annual budget of 87 million Br and a powerful mandate: tackle insider trading, market manipulation,
In a sweeping policy shift aimed at modernizing public service delivery and expanding digital financial access, the Ministry of Finance has issued Directive No. 1069/2025, requiring all federal government offices to accept payments from all licensed payment service providers. The directive, signed by Finance Minister Ahmed Shide and published on the Ministry’s official website, legally
EconomyEconomic Roadmap for the Next Five Years During its 46th regular session, Ethiopia’s Council of Ministers gave the green light to a five-year economic and fiscal plan spanning 2026 to 2030. This roadmap is designed to steer the nation’s budgeting and policy efforts, focusing on boosting government income, managing public spending responsibly, and fostering a
Capital MarketAs Ethiopia steps boldly into a new era of capital markets, the Ethiopian Capital Market Authority (ECMA) is drawing a clear line: transparency, legality, and accountability are non-negotiable. Now, with high-profile figures like Ermias Amelga and Genesis Investment Services PLC under formal investigation, ECMA is signaling that it’s ready to enforce the law—no matter the
Capital MarketThe anticipation was palpable as Skylight Hotel buzzed with activity in preparation for one of the most significant events in Ethiopia’s financial history—the Capital Market Summit 2024 (#CMS2024). Experts, government officials, university representatives, and event organizers alike were running around, ensuring that the summit would be an unforgettable experience. Everywhere you looked, the phrase “capital
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has officially launched the nation’s first regulatory sandbox, designed to provide startups and established firms with a flexible legal framework to test innovative capital market products and services in a real-world environment. At an event hosted at the Sheraton Addis Hotel, newly appointed Director General Hanna Tehklu emphasized the
Capital MarketThe National Bank of Ethiopia (NBE) has issued a new directive, effective immediately, that significantly changes the investment landscape for banks in the country. Directive No. SBB/92/2024, which replaces the previous Directive No. SBB/65/2017, outlines new regulations regarding bank investments to enhance the capital market ecosystem. This new directive aims to provide a more robust
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has announced the registration of its Fee Directive by the Ministry of Justice under the title ‘The Capital Market Authority’s Fee Directive Number 996/2024’. Aligned with its responsibilities as stipulated in the Capital Market Proclamation No.1248/2021, this directive outlines the fee structure for the services provided by the Authority.
Regulationየካፒታል ገበያ አገልግሎት ሰጪዎች ፈቃድ አሰጣጥና ቁጥጥር መመሪያ ቁጥር 980/2016 (Amharic Version)
Capital MarketEthiopia has taken a significant step towards economic growth and development with the enactment of a proclamation to establish a capital markets system. This landmark legislation, voted into law in 2021 by the Ethiopian House of People’s Representatives, paves the way for transparent and inclusive financial markets. The proclamation emphasizes transparency, accountability, and investor protection,
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has issued three directives aimed at strengthening the regulation of capital markets in Ethiopia. The directives cover the licensing and operating of securities exchanges and trading platforms, the recognition of self-regulatory organizations (SROs), and the licensing and supervision of capital market service providers (CMSPs). The directive on licensing and
