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Capital Markets

Overview

Ethiopia’s capital markets have reawakened after nearly five decades, marked by the launch of the Ethiopian Securities Exchange (ESX) in January 2025. This pivotal moment aims to drive economic growth by enabling efficient capital flow, transparency, and investor protection.

DABLO Law Firm is at the forefront of this transformation. We’ve published leading legal insights on ESX membership and listing requirements—offering clarity to early market participants. Our team provides strategic guidance on regulatory licensing and operational readiness under the Ethiopian Capital Market Authority (ECMA), helping clients confidently navigate this new financial environment.

We’re proud to advise one of the first entities entering the market, ensuring full compliance and readiness from day one. Our involvement reflects a deep understanding of Ethiopia’s evolving capital markets and a commitment to supporting clients in seizing emerging opportunities.

At DABLO, we don’t just follow the market—we help shape it.

Work Highlights

  • Conducted a comprehensive legal analysis of capital market participants, outlining classifications and licensing requirements for entities seeking to operate as capital market actors in Ethiopia
  • Provided legal and regulatory support to a firm applying for an investment advisory license under ECMA’s Licensing and Supervision Directive, including corporate restructuring, governance alignment, and compliance documentation.

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