Regulator pushes momentum in nascent capital market with 13 CMSPs now approved
The Ethiopian Capital Market Authority (ECMA) has issued a Capital Market Service Provider (CMSP) license to Awash Capital S.C., authorizing the company to operate as an Investment Bank within a banking group—a move that signals growing confidence in Ethiopia’s newly emerging capital markets ecosystem.
The approval brings the total number of licensed CMSPs to thirteen (13), of which four (4) now hold investment banking licenses. The decision deepens market participation at a critical time as Ethiopia prepares for the operationalization of the Ethiopian Securities Exchange (ESX), expected to transform domestic finance by widening access to capital and unlocking new funding instruments for companies.
A Milestone in Market Maturation
During the licensing ceremony, ECMA Director General Hana Tehelku presented the license to Awash Capital S.C. and congratulated the institution for meeting the regulatory requirements, including securing approval for five board directors and four Appointed Representatives.
Hana emphasized that Awash Capital’s entry strengthens the competitive landscape and is emblematic of the regulator’s broader mission: to build a reliable, transparent, and investor-centric capital market framework capable of sustaining long-term economic growth.
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