The Ethiopian Capital Market Authority Announces Transformative Developments in the Capital Markets Sector













Press Briefing

Addis Ababa, February 7, 2024 – The Ethiopian Capital Market Authority (ECMA) is pleased to announce significant milestones in the country’s capital market sector. This development underscores the authority’s commitment to fostering a resilient and dynamic capital market ecosystem.

The focal point of today’s press conference will be the recent adoption of the Capital Markets Service Providers and Supervision Directive. This landmark decision marks a transformative phase in regulatory oversight, ensuring robust governance and investor protection.

The Authority is proud to announce the commencement of licensing activities, effective Monday, February 12th, 2024. This milestone represents a critical step toward establishing a fully operational securities exchange in Ethiopia.

Senior officials from ECMA will highlight the Authority’s accomplishments over the past six months. These achievements include strategic initiatives, regulatory advancements, and collaborative efforts with industry stakeholders.

During the press conference, ECMA will unveil its forward-looking agenda for the upcoming six months. Some key objectives and priorities include:

Enhancing Market Integrity: Strengthening surveillance mechanisms and enforcing compliance standards.

Expanding Investor Education: Empowering investors with knowledge and promoting financial literacy.

Facilitating Listings: Encouraging companies to participate in the capital markets.

Streamlining Licensing Process: Providing clarity on the number of available licenses and the procedural framework.

Media representatives are encouraged to attend the press conference and engage with the authority’s officials. For further information, interview requests, and access to resources related to the event, please contact our communications Department.

Contact Information:

Ethiopian Capital Market Authority

Phone:  Communication Office: +251-11-5-57-81-62

Email: communications@ecma.gov.et

Website: www.ecma.gov.et

About ECMA: * The Ethiopian Capital Market Authority (ECMA) is the regulatory body responsible for overseeing and developing the capital markets in Ethiopia. Our mission is to create a transparent, efficient, and investor-friendly environment that fosters economic growth and prosperity.