The Ethiopian Capital Market Authority (ECMA) has awarded Ethio Capital Solutions PLC a Securities Investment Advisor licence, in an announcement on Wednesday, marking a major turning point for Ethiopia’s developing financial industry.
This development is a significant step towards broadening the range of services and expertise offered by Ethiopia’s capital market.
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This licence’s issue demonstrates ECMA’s continued dedication to fostering a vibrant, well-regulated investment environment. It highlights the Authority’s efforts to guarantee that market participants meet the highest regulatory standards and possess the required professional credentials.
Ethio Capital Solutions PLC is now permitted to provide professional investment advising services after successfully fulfilling the requirements specified in the Capital Market Service Providers Licensing Directive No. 980/2024.
As a licensed Securities Investment Advisor, the business will work with issuers, individual and institutional investors, and other market players. This service is essential for giving well-informed advice, especially as Ethiopia’s capital market develops.
Securities Investment Advisors are essential in guaranteeing that market players can obtain reliable, expert guidance.
Ethio Capital Solutions PLC is anticipated to make a substantial contribution in this role to market expansion, investor education, and the general stability of the nation’s emerging financial sector.
With this licence, Ethio financial Solutions PLC becomes part of a growing number of organisations that are influencing how Ethiopia’s financial markets will develop in the future.
ECMA anticipates the company’s contributions to improving investor protection and creating an investing environment that is open, effective, and compliant.
With the licence awards, Ethio Capital Solutions PLC joins I-Capital Institute PLC, Deloitte, and Mr. Habtamu Eshetu Gebre as the fourth licensed Securities Investment Advisors in Ethiopia.
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About Ethio Capital Solutions PLC
Ethio Capital Solutions PLC’s mission is to provide its clients with the information and self-assurance they need to make wise financial choices by offering expert advice services and specialised training courses.
Its seasoned advisors and financial professionals offer thorough financial literacy training, careful risk assessments, smart portfolio management, and in-depth market analysis.
Its goal is to give investors the tools they need to confidently and nimbly traverse the constantly changing financial world.
Through the promotion of financial education, transparency, and sustainable investment growth, it is committed to strengthening Ethiopia’s capital market ecosystem.
About Ethiopian Capital Market Authority
According to Article 3(1) of the Proclamation, the Capital Market Authority (CMA) is one of the important organisations created as an independent Federal Government Regulatory Authority with its own legal personality that answers to the Prime Minister of the Federal Democratic Republic of Ethiopia.
ECMA mandates include the development of regulatory frameworks; educating investors and building capacity, and long-Term development roadmap for the capital market.
Others include the examination of macro-financial, tax, and institutional investor regulation policies and supporting the Ethiopian Securities Exchange (ESX) project team.
