Prime Capital Joins ESX, Seeks Securities Dealership Licence

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Prime Capital has secured trading membership on the Ethiopian Securities Exchange (ESX) and is pursuing a securities dealership licence to expand its brokerage and investment banking services, according to Head of Business Development and Marketing Fikremarkos. The firm received its trading membership after obtaining an investment banking licence from the Ethiopian Capital Market Authority (ECMA) and meeting all ESX requirements. The licence authorises Prime Capital to execute securities transactions on behalf of investors in Ethiopia's organised capital market. Established in 2023/24, Prime Capital became the country's sixth licensed investment bank and the second independent one after First Addis Investment Bank, joining bank-owned peers including CBE Capital and Awash Capital.

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