In a landmark development for Ethiopia’s financial sector, the Ethiopian Capital Market Authority (ECMA) has announced that the first international institution has formally submitted an application for a license to operate in the country’s emerging capital market.
The move marks a significant milestone in Ethiopia’s efforts to liberalize its financial system, attract foreign investment, and modernize capital market infrastructure.
Hana Tehelku, Director General of ECMA, told Capital that although several international firms have expressed interest, one major institution has now completed the preliminary requirements and formally lodged its application.
“We have received the first official application from an international institution and completed the initial documentation process,” Hana said. The name of the company has not yet been disclosed.
She described the development as a strong signal of growing international confidence in Ethiopia’s ongoing economic reforms and in the...
As Beijing deepens its diplomatic and economic engagement with Africa, veteran diplomat Liu Xianfa has been appointed the Special Representative of the Chinese Government on African Affairs—a post reflecting China’s growing strategic focus on the continent. In an exclusive interview with Capital, Liu outlines the vision behind President Xi Jinping’s 14 consecutive congratulatory messages to the African Union Summit,...
Foreign Exchange Reform: Necessary Medicine or Premature Exposure?
The National Bank of Ethiopia’s sweeping amendments to the foreign exchange regime mark one of the most consequential policy shifts in recent years. The reform broadens foreign currency retention for exporters and service providers, eases repatriation rules for investors, and grants banks and forex bureaus greater operational flexibility. It is, without question,...
RTI is an independent organization dedicated to conducting innovative, multidisciplinary research that improves the human condition. Founded as a centerpiece of the Research Triangle Park in North Carolina in 1958, RTI offers innovative research and development and a full spectrum of multidisciplinary services. It has a worldwide staff of more than 6,000 people.
Feed the Future Ethiopia Transforming Agriculture (FTF-ETA)...
Nib Insurance Company (S.Co.) invites competent and qualified applicants for the following vacant posts.
SNPositionJob GradeMinimum qualification and experiencePlace of Assignment EducationExperience1Assistant Finance & Investment Department ManagerXIIAccounting or Accounting and Finance or Management or in related fields9 years relevant experience, of which 4 years in managerial positionAddis Ababa2Investment & Shareholders Accounts Division HeadXAccounting or Accounting and Finance or Management or...
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Procurement of Convex...
MSME Credit Risk Management Technical Assistance (TA) for MESMER Partner Financial Institutions
ABOUT FC Africa
Founded in Ethiopia and operating across the continent, FC Africa is a pan-African organization delivering complex economic development programs at scale. Established in 2006, FC Africa has grown into a trusted partner for governments, development partners, financial institutions, and private sector actors, known for execution discipline,...
The Swdegef (ሰዉ ደግፍ) book, authored by Eng. Banteyihun Tezazu and launched three months ago, is rapidly transforming from a literary work into a large-scale international socio-economic movement.
During a high-profile gathering at Abrehot Library, university presidents, ministry representatives, and distinguished scholars from across Ethiopia convened to witness the unveiling of the LEAP program—a strategic framework designed to translate the...
Recognition of late Afrobeat pioneer and political radical is the ‘anti-establishment being recognised by the establishment’.
Three decades after his death, the “father of Afrobeat” Fela Kuti has made history by becoming the first African to get a Lifetime Achievement Award at the Grammys.
The Nigerian musician, who died in 1997, posthumously received the commendation along with several other artists at...
By our staff reporter
The Mauritius Commercial Bank Limited (MCB) has provided a strategic financing package to Invictus Investment Company PLC (ADX: INVICTUS), a prominent agro-food enterprise operating in the Middle East and Africa. The package, structured as an acquisition finance and revolving credit facility, aims to support Invictus Investment’s expansion into new markets and strengthen its working capital position as it scales operations.
This financing agreement builds on the existing partnership between MCB and Invictus Investment and underscores a shared commitment to advancing food security...
By our staff reporter
Wingu Africa has launched Wingu Cloud Exchange (WCX), a locally hosted private cloud platform designed for the wider East African region.WCX gives organisations a secure, compliant, cost-effective, and easy-to-use alternative to offshore cloud services. With transparent local-currency pricing, rapid deployment, and instant scalability, it enables businesses to grow workloads without complexity or unpredictable costs. Launching first in Tanzania, the platform will gradually roll out across all Wingu markets, including Ethiopia and Djibouti.
WCX includes Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu...