The Ethiopian Capital Market Authority (ECMA) has officially approved and registered the securities of Addis International Convention Center S.C., a key development in Ethiopia’s growing capital market ecosystem. This registration ensures compliance with the Public Offer and Trading of Securities Directive No. 1030/2024, supporting the expansion of Ethiopia’s stock market and securities trading framework.
Under Articles 4 and 29 of the directive, all securities offered, sold, or issued to the public in Ethiopia must be registered with ECMA unless explicitly exempted. This includes pre-existing shares held by shareholders, which are now required to align with the Ethiopian capital market regulations.
ECMA’s notice confirms the registration of twelve million two hundred eleven thousand five hundred eighty-six (12,211,586) existing shares held by Addis International Convention Center S.C. shareholders. This step is part of broader efforts to standardize securities registration in Ethiopia, fostering transparency and investor confidence in the Ethiopian stock exchange.
Importantly, ECMA clarifies that this public notice serves only to inform stakeholders about the securities registration process. It does not represent an endorsement of any offer, an invitation to sell securities, or a solicitation for buyers in Ethiopia’s capital market.
As Ethiopia’s capital market continues to evolve, registrations like this for Addis International Convention Center highlight the Authority’s role in building a robust financial infrastructure. Market participants and investors in the Ethiopian stock market should monitor such updates for opportunities in securities trading and capital market compliance.
