Summary
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The Ethiopian Capital Market Authority (ECMA) issued a Capital Market Service Provider license on June 5 2026 to United Capital Financial Services PLC— a subsidiary of Nigeria’s United Capital Group—making it the first foreign investment bank to operate in Ethiopia; the license authorizes investment‑banking activities, appoints five board directors and four appointed representatives, and raises the total licensed CMSPs to 18 and investment banks to 7, underscoring Ethiopia’s market growth and regulatory confidence.
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