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Wegagen Capital Investment Bank, one of the first two standalone investment banks, launched operations on June 2, 2025, at the Hilton Addis Abeba Hotel. Chief Executive Officer Brutawit Dawit was joined by Aklilu Wubet (PhD), (middle) president of Wegagen Bank and chairman of the new venture, and Tilahun E. Kassahun (PhD), chief executive of the Ethiopian Securities Exchange (ESX), to mark what they hailed as “the beginning of a new era” in Ethiopia’s capital markets. According to Brutawit, Wegagen Capital addressed a pressing need for specialised services that can unlock capital, spur investment and speed national development. The investment firm plans to offer a range of services, including advisory and underwriting, to government institutions, public enterprises, corporate clients, and high-net-worth individuals.


PUBLISHED ON Jun 07,2025 [ VOL 26 , NO 1310]

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