Deloitte, the global consulting firm, receives the inaugural capital market service provider license. The commencement of license issuance was announced last month, making Deloitte's entry into Ethiopia's budding capital market a notable milestone, given its nearly two-century-old legacy The event was held at the Ethiopian Capital Markets Authority's headquarters on Africa Avenue (Bole Road). Brook Taye (PhD), director general of the Authority, looks forward to seeing the first investment bank, indicating that the licensing of Deloitte as an investment advisor will allow to expedite the development. Ethiopia's venture into capital markets has been in the making for nearly five years, initially established within the central bank before forming an independent regulatory authority. The recent approval of the capital market service providers directive marks a significant development in the sector. The London-based consulting firm boasts revenues of 64 billion dollars last year. Tewodros Sisay, Deloitte Africa's economic advisory leader, said the pioneering move demonstrates dedication to supporting clients in the region.
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