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Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved and registered the securities of Habesha Breweries S.C. in line with Ethiopia’s capital market regulatory framework. The approval, granted on December 31, 2025, follows the requirements set out under Article 4 of the Public Offer Directive and Article 29 of the Public Offer and Trading of Securities
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has granted a capital market business license to Siinqe Investment Bank, officially authorizing the firm to operate as an investment bank in Ethiopia. The license, issued on December 31, 2025, raises the total number of licensed capital market intermediaries in the country to fifteen. With this approval, Siinqe Investment
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved the registration of securities issued by Dashen Bank S.C., in line with Articles 4 and 29 of the Public Offer and Trading of Securities Directive No. 1030/2024. In a public notice issued by the Authority, ECMA confirmed that on December 24, 2025, it approved Dashen Bank’s Registration
Capital MarketThe 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.,
BusinessEthiopian 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
Capital MarketAwash 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
Banking & FinanceThe 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
Capital MarketEthiopia 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.
Capital MarketThe 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
Capital MarketThe 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
Capital MarketEthiopia’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.
Capital MarketWegagen 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
