Ethiopian Capital Market Authority Licenses Three New Service Providers
TL;DR
The Ethiopian Capital Market Authority has granted licenses to three new capital market service providers, bringing the total number of licensed firms to 21.
The Ethiopian Capital Market Authority (ECMA) has officially granted licenses to three new capital market service providers following a comprehensive application review process. The licenses were presented by the Director General of the ECMA, Hana Tehelku, during an event held at the authority's head office on Friday, 10 July 2026.
This development increases the total number of licensed capital market service providers in Ethiopia from 18 to 21. The expansion includes growth in both the investment banking and securities investment advisory sectors, marking a significant milestone for those looking to invest in the country's emerging financial landscape.
The newly licensed entities are:
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- PrizeWorth Investment Bank S.C. – Licensed as an Investment Bank
- BluFin Capital Advisory PLC – Licensed as a Securities Investment Advisor
- Lumina Capital PLC – Licensed as a Securities Investment Advisor
In addition to the firm-level licenses, the ECMA has approved the appointment of 15 board directors across these companies and authorized 10 appointed representatives. Following these additions, the total number of investment banks operating in the market has reached eight, while the number of securities investment advisors has risen to 11. For more updates on the evolving sector, visit our Aksion News portal.
During the ceremony, Director General Hana Tehelku urged the new licensees to prioritize integrity and expertise in their operations. She emphasized the importance of maintaining an inclusive approach toward investors and remaining committed to the public interest as the Ethiopian capital market continues to develop. Investors and analysts can track the progress of these firms and other entities through our business directory and data intelligence platforms.
