The Ethiopian Capital Market Authority is granting licenses to participants in the securities exchange. Brook Taye, the Director General of the authority, has announced that they will begin accepting applications from individuals who wish to participate in the upcoming stock market of the Ethiopian Securities Exchange.
Starting from Monday, February 12, interested parties can submit their applications to the authority. Brook has also stated that if all the necessary documents are provided, the licenses will be issued in less than a month. As part of the application process, service providers can obtain various types of licenses from the Ethiopian Capital Market Authority, including licenses for securities dealing, brokerage, custodian services, and investment banks.
There have been reports indicating that three major international companies have expressed a strong interest in obtaining the license for an investment bank.
