Parliament Legislates Capital Market Establishment Bill


Parliament Legislates Capital Market Establishment Bill

Parliament has legislated a bill that allows for the establishment of a capital market during a regular session held on June 10, 2021.  The nation's first securities exchange, where traders can buy and sell securities such as company stocks and bonds, will be established as a share company through a merger of the government and the private sector. The government's ownership of the share company, dubbed the Ethiopian Securities Exchange, will not exceed 25pc of the Exchange's capital, according to the proclamation.  The market is expected to enable greater access to funding for businesses and projects, serve as an alternative means of financing for the private sector as well as the government during times of economic trouble, and provide new options for those looking to invest. The newly approved proclamation also proposes forming a Capital Market Authority, which will regulate the primary and secondary markets and supervise the listing and delisting of securities.

[ssba-buttons]

Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...