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The Ethiopian Capital Market Authority announced that on 21 March 2025 it issued five new capital‑market service licences—CBE Capital and Wegagen Capital Investment Banks, Ethio‑Fidelity Securities (a securities dealer), and HST and Equation Securities (both securities investment advisors)—raising the total number of licensed providers from four to nine and introducing Ethiopia’s first investment banks. The licences, enabled by a new NBE directive allowing banks full equity stakes, also highlight growing female leadership in the sector and the Authority’s commitment to a diversified, well‑regulated market that can attract local and international investors.
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