Key takeaways
- The Ethiopian Capital Market Authority licensed AMG Investment Bank PLC and NileBridge Investment Bank PLC on 13 November.
- The regulator also approved eight appointed representatives and ten board directors across the two institutions.
- Director General Dagmawit Shiferaw presented the licences and called on the banks to conduct transactions fairly and transparently.
Market impact
The two approvals take Ethiopia’s licensed investment banks to 11. They form part of a broader group of 23 licensed capital-market service providers, according to the regulator.
Illustration generated with AI.