List of all Capital Market Service Providers (CMSP) in Ethiopia governed by the Ethiopian Capital Market Authority (ECMA) under Directive No. 980/2024, which establishes licensing for 15 types of activities to ensure market integrity.
The launch of First Addis Investment Bank PLC (FAIB) on October 30, 2025, represents a landmark shift in the Ethiopian financial landscape. While the first wave of investment banking licenses was dominated by subsidiaries of legacy commercial banks—such as CBE Capital and Wegagen Capital—First Addis Investment Bank is the country’s first fully independent, non-bank affiliated … Read more
As the financial architecture of Ethiopia shifts toward a capital-market-driven model, Awash Capital S.C. has emerged as a powerhouse intended to diversify the country’s investment landscape. Licensed on November 19, 2025, by the Ethiopian Capital Market Authority (ECMA), Awash Capital is the fourth investment bank to enter the market. While it is a subsidiary of … Read more
The licensing of Ethio Fidelity Securities S.C. marks a historic milestone in the liberalization of Ethiopia’s financial sector. On July 30, 2025, the firm made headlines by becoming the first independently established private entity to secure a Securities Dealer license from the Ethiopian Capital Market Authority (ECMA). Unlike many of its competitors, such as Wegagen … Read more
While traditional banks focus on moving capital, i-Capital Africa Institute P.L.C. focuses on the intellectual infrastructure required to make that capital productive. On November 30, 2024, the Ethiopian Capital Market Authority (ECMA) officially licensed i-Capital Africa Institute as the country’s third Securities Investment Advisor, placing it alongside global giants like Deloitte. Led by Group CEO … Read more
The emergence of Wegagen Capital Investment Bank S.C. (WCIB) signals a high-stakes evolution in the Ethiopian financial sector, transitioning from traditional asset-backed lending to a dynamic, market-driven economy. As the first private investment bank to receive an operational license from the Ethiopian Capital Market Authority (ECMA) in March 2025, Wegagen Capital serves as the strategic … Read more
As Ethiopia’s capital market moves from concept to reality, Gadaa Securities Dealer S.C. has emerged as a cornerstone institution. As one of the first firms to receive a full Securities Dealer license from the Ethiopian Capital Market Authority (ECMA) and secure trading membership on the Ethiopian Securities Exchange (ESX), Gadaa is a critical gateway for … Read more
As Ethiopia’s financial landscape undergoes a generational shift, CBE Capital Investment Bank S.C. has emerged as the premier gateway for both local and international investors. Established as a strategic subsidiary of the Commercial Bank of Ethiopia (CBE), the nation’s largest financial institution—CBE Capital is a full-service investment bank designed to bridge the gap between traditional … Read more