The Ethiopian Capital Market Authority (ECMA) has granted investment banking licenses to AMG Investment Bank PLC and NileBridge Investment Bank PLC, bringing the total number of licensed investment banks in Ethiopia to 11.

The licenses were awarded on Friday, November 13, 2026, following a review of the two institutions’ license applications. The licensing ceremony took place at the ECMA’s headquarters, where Director General Dagmawit Shiferaw formally presented the licenses to the leadership of both institutions.

Alongside the investment banking licenses, the Authority approved eight appointed representatives and ten board directors across the two institutions.

With the latest approvals, the number of Capital Market Service Providers (CMSPs) licensed by the ECMA has reached 23, while the total number of licensed investment banks has increased to 11.

Speaking at the ceremony, Dagmawit congratulated the newly licensed institutions and called on them to uphold transparency and fairness in market transactions. She also emphasized their role in promoting equitable wealth distribution through the provision of professional services that meet market standards.

The entry of AMG Investment Bank and NileBridge Investment Bank adds two more licensed players to Ethiopia’s developing capital market, expanding the number of institutions authorized to provide investment banking services.