Addis Ababa, October 1, 2025 – The Ethiopian Capital Market Authority (ECMA) has announced the licensing of three new capital market service providers (CMSPs), expanding the number of authorized players from eight to eleven. The move marks another milestone in Ethiopia’s efforts to build a transparent, inclusive, and resilient financial system.
The new licensees and their categories are:
- First Addis Investment Bank PLC – Investment Bank
- Ignite Capital PLC – Securities Investment Advisor
- Zuri Capital S.C. – Securities Investment Advisor
The announcement followed a rigorous application review process, with the licensing ceremony held at ECMA’s headquarters in Addis Ababa.
Strengthening Ethiopia’s Emerging Capital Market
During the event, ECMA Director General Hana Tehelku congratulated the new entrants, emphasizing their role in strengthening Ethiopia’s nascent capital market. She highlighted the need for their active participation in advancing financial inclusion, investor confidence, and long-term capital mobilization.
“These newly licensed institutions have a critical role in shaping the direction of Ethiopia’s capital market,” Hana stated. “We encourage them to contribute to building a transparent, innovative, and sustainable financial ecosystem that benefits all Ethiopians.”
The decision to approve more CMSPs comes at a time when Ethiopia is accelerating reforms aimed at modernizing its financial sector, broadening investment opportunities, and positioning Addis Ababa as a regional financial hub.
No Comment Found.