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Non-bank Affiliated First Investment Firm Launches

Oct 31 , 2025

First Addis Investment Bank (FAB), a non-bank affiliated firm, has launched its services yesterday, October 30, 2025, at the Sheraton Addis Hotel.

Incorporated with a capital of 28 million Br and 11 shareholders, the firm has appointed Michael Addis as its founding CEO. He is a partner at First Consult Plc, a company founded by Ahmed Kellow, and his son, Nebil, in 2006, and widely recognised as one of the country’s leading firms in economic development consulting. First Consult has a specialisation in sectors such as agriculture, manufacturing, services, and finance, with a focus on job creation, business growth, and mobilisation of investments.

FAB has signed a transaction advisor and share registration contract with Arif Pay and Breakthrough Trading S.C. It plans to introduce blended finance which aggregates foreign grants and local capital for capital raising.

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