Audit and consultancy firm Deloitte is the first entity to secure a securities investment adviser licence for operation in Ethiopia ahead of the formal launch of the country’s Securities Exchange slated for the third quarter of this year.
Deloitte applied for the licence out of its Nairobi office and has registered an office in Ethiopia to start operations in the budding capital markets.
“We are thrilled to be the first licensed securities adviser in Ethiopia. This achievement underscores our commitment to the country’s capital market growth and demonstrates our dedication to supporting our clients in the region,” said Tewodros Sisay, Deloitte Africa Advisory leader.
“We are well-positioned to support businesses in Ethiopia to thrive and succeed in today’s fast-paced and ever-changing business environment.”
According to Ethiopia’s Capital Markets Authority (ECMA), the debut issuance is earmarked to be the listing of 10 percent of the State-owned Ethiotelecom whose latest disclosures reveal that it registered ETB 11.0 billion ($193 million) in net profit for the six months ended December 2023.
No Comment Found.