Ethiopia: First Investment Banking Licenses Issued

Ethiopia: First Investment Banking Licenses Issued

On March 21, Ethiopia issued its very first investment banking licenses, marking a historic change in the country’s financial sector. The Ethiopian Capital Market Authority (ECMA) has granted licenses to CBE Capital SC and Wegagn Capital Investment Bank SC, both linked to large Ethiopian banks. CBE CAPITAL, a subsidiary of the Ethiopia State Commercial Bank … Read more

Ethiopia: A Stock Market Relaunch Heralds Economic Transformation

Ethiopia: A Stock Market Relaunch Heralds Economic Transformation

For more than five decades, Ethiopia held the dubious distinction of being the most populated second nation in Africa and one of the fastest economies without stock market market. On January 10, he lost the label with the revival of the Ethiopian Securities Exchange (ESX). For Prime Minister Abiy Ahmed, ringing the bell to mark … Read more