• ECMA requires more than 16 supporting documents for capital market licensing applications.

• Sixteen institutions have been licensed across investment banking, advisory, and brokerage services.

• Most licensed firms are subsidiaries of local banks, including CBE Capital and Wegagen Capital.

• BDO Consulting PLC received a corporate investment advisory license, raising advisory firms to nine.

• Total licensed capital market service providers now stand at 16.

• Transition from PLC to joint-stock company takes six to eighteen months.

• Interest spans more than 15 licensing categories, with demand expected after the Collective Investment Schemes Directive issuance.

Why it matters?
Sixteen institutions are now licensed under ECMA, including nine advisory firms. Licensing requirements and PLC-to-joint-stock transitions shape capital market participation and public fundraising capacity.

The Ethiopian Capital Market Authority (ECMA) has registered 12,211,586 existing shares of Addis International Convention Center S.C., ensuring compliance with the Public Offer and Trading of Securities Directive No. 1030/2024. This step aligns the company’s securities with Ethiopia’s emerging capital market regulatory framework and supports stock market development. 

Key Takeaways:

• 12,211,586 existing shares of Addis International Convention Center were registered for compliance. 

• Registration fulfills requirements under Public Offer and Trading of Securities Directive No. 1030/2024. 

• ECMA clarified the notice is informational, not an endorsement or solicitation to buy or sell. 

  
  

Why It Matters:

Registering pre-existing shares under the new capital markets directive strengthens the legal and regulatory foundation of Ethiopia’s securities ecosystem. For investors and market participants, it enhances clarity and compliance, which are essential for confidence and participation in the country’s nascent stock market.

• ECMA registered 15 million existing Bank of Abyssinia shares with the authority’s registry. 

• 3.125 million new shares approved for issuance via rights offer. 

• Registration follows Directive No.1030/2024 requiring public securities to be registered. 

• ECMA emphasized notice is for public information, not a sales offer. 

• Move aligns Bank of Abyssinia with Ethiopia’s evolving capital market regulations. 

Why it matters: