EBR_News Apr 21, 2026

Betegbar Yaregal

Prime Capital S.C. has officially received an investment banking license from the Ethiopian Capital Market Authority (ECMA), becoming the second independent investment bank in the country and the sixth institution licensed in the investment banking category.

The licensing ceremony, held at ECMA headquarters in Addis Ababa, brings the total number of licensed Capital Market Service Providers (CMSPs) in Ethiopia to 17, expanding the ecosystem across three operational categories.

With Prime Capital’s entry, the investment banking category now includes six institutions: Siinqee Investment Bank, CBE Capital, First Addis Investment Bank, Wegagen Capital, Awash Capital, and Prime Capital. Prime Capital joins First Addis Investment Bank as the only two independent investment banks not operating as subsidiaries of commercial banks.