ADDIS ABABA, November 3, 2025 – The Ethiopian Capital Market Authority (ECMA) today announced it has granted a Capital Market Service Provider (CMSP) license to ProInvest Capital PLC, marking another step in the rapid formation of the nation’s new financial ecosystem.
The license, officially issued today, authorizes ProInvest Capital to operate in the Securities Investment Advisor category. Alongside the firm’s license, the ECMA has also approved the licensing of four (4) Appointed Representatives who will work within ProInvest Capital.
This latest addition brings the total number of licensed capital market service providers in Ethiopia to twelve (12), a significant milestone that underscores the growing momentum of the emerging market.
Growing Ranks of Financial Intermediaries
ProInvest Capital’s license comes on the heels of a recent expansion just last month. In early October 2025, the ECMA licensed three other firms—Ignite Capital, Zuri Capital, and First Addis Investment Bank—which brought the total number of providers from eight to eleven. ProInvest’s entry as the twelfth provider signals sustained interest from the private sector in playing a role in the new market.
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