Abreham Terecha, a former Capital Market Project Manager at Gadaa Bank with ten years of banking experience, has been named CEO of Gadaa Securities Dealer S.C., which is set to evolve into an investment bank. The dealership, capitalised at 80 million Br, is expected to secure a trading membership with the Ethiopian Securities Exchange (ESX) next week. Last week, the Ethiopian Capital Market Authority officially licensed Gadaa Securities Dealer S.C. as a Capital Market Service Provider (CMSP) under the Securities Dealer category. The appointment brings the total licensed CMSPs to 14, with two Securities Dealers now operating, including Ethio Fidelity. ECMA appointed four representatives and six board directors to the company. ECMA Director General Hana Tehelku emphasised the role of securities dealers in building a liquid and trustworthy capital market, congratulating Gadaa Securities Dealer S.C. and reaffirming the authority’s commitment to supporting a strong and inclusive market that fosters sustainable economic growth.
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