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Addis Ababa, Ethiopia has become the latest member of the Mobile Monday group dedicated to developing the mobile ecosystem domestically and internationally.

Addis Ababa joined the group during the Innovation African Digital Summit that took place here from the 27th to the 29th of March.

Mobile Monday family welcomes Addis Ababa and looks forward to future collaboration with the Information and Communication Technology Association-Ethiopia according to Jari Tammisto, Chief Executive and President of Mobile Monday Global.

The Ethiopian Capital Market Authority has finalized a directive on Collective Investment Schemes, a development expected to broaden access to investment and support the growth of the country’s emerging capital market.

The Ethiopian Capital Market Authority reiterated that it would start issuing licenses to capital market service providers after three months. It is to be recalled that the Authority announced in February this year that it was working to license capital market service providers within six months.

The Ethiopian Capital Market Authority has made an announcement regarding the initiation of licensing procedures, starting from Monday, February 12, 2024.

The Ethiopia Capital Market Authority (ECMA) which was established in June 2022 is working to launch the Ethiopian Capital Market in two years. The regulatory framework for the capital market came into picture in 2021 when the National Bank of Ethiopia (NBE) issued the Capital Markets Proclamation No. 1248/2021.