The Ethiopian Capital Market Authority (ECMA) has granted an Investment Bank license to D and T Ethiopia Management Consulting PLC, commonly known as Deloitte Ethiopia, following the completion of its license application assessment.

Deloitte Ethiopia, which previously operated as a Securities Investment Advisor, is now authorized to provide non-brokerage investment banking services, including facilitating mergers and corporate reorganizations.

The license brings the total number of licensed investment banks in Ethiopia to nine, according to ECMA.

The transition also marks an expansion of Deloitte Ethiopia’s role in the country’s growing capital market, moving beyond securities investment advisory services into broader investment banking activities.

ECMA clarified that the new license does not authorize Deloitte Ethiopia to operate as a securities broker or securities dealer.

The Authority said the licensing reflects the growing capacity and market trust within Ethiopia’s capital market and reaffirmed its commitment to developing a strong, inclusive and resilient financial market.