The Ethiopian Capital Market Authority has made an announcement regarding the initiation of licensing procedures, starting from Monday, February 12, 2024. Currently, their focus is on formulating guidelines for licensing and regulation of capital market service providers. A significant development is the Authority's decision to grant licenses to investment banks for the first time in Ethiopia. Dr. Brooke Taye emphasized the Authority's dedication to robust regulatory practices, governance, and investor protection, which are crucial for the growth and stability of the capital market sector in Ethiopia. The Ethiopian Capital Market Authority serves as the regulatory body responsible for overseeing and promoting the development of the country's capital market.

Source: Ethiopian News February 10, 2024 05:14 UTC