In a landmark moment for Ethiopia’s financial sector, Wegagen Capital Investment Bank S.C. has become the first institution to receive a Trading Membership Certificate from the Ethiopian Securities Exchange (ESX). This achievement follows the firm’s recent investment banking license from the Ethiopian Capital Market Authority (ECMA), positioning Wegagen Capital at the forefront of the country’s emerging capital markets.
As a licensed trading member, Wegagen Capital is now authorized to facilitate investor participation on the ESX, execute trades on behalf of clients, and contribute to the creation of a transparent and liquid trading environment. This development marks a significant step forward in operationalizing Ethiopia’s capital market and building a more inclusive, modern financial system.
The membership certificate was awarded during a ceremony attended by H.E. Hana Tehelku, Director General of ECMA, and Sunil Benimadhu, CEO of the Mauritius Stock Exchange.
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