Addis Ababa, March 12, 2017 (FMC) – Ethiopia has officially entered a new chapter in its financial history. The Ethiopian Capital Market Authority (ECMA) has announced the launch of investment banking services — a monumental step towards modernizing the nation’s financial infrastructure and boosting economic growth.
This landmark development comes with the licensing of two pioneering institutions: CBE Capital Stock Company and Wegagen Capital Investment Bank Stock Company. These firms now have the green light to operate as Ethiopia’s first official investment banks, ushering in an era of diversified financial services, broader investment options, and enhanced capital mobilization.
Additionally, the ECMA has granted licenses to key market players including:
- Ethio-Fidelity Securities Stock Company as a Securities Market Operator,
- HST Investment Advisory Services Private Limited and
- Equus Securities Investment Advisor Private Limited as Securities Investment Advisors.
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