The United States Government through its Agency for International Development (USAID) and Ethiopian Capital Market Authority Unlock Opportunities in Ethiopia’s Capital Markets

US Embassy
Press Release  

Addis Ababa, November 19, 2024 — The United States Government’s Securities and Exchange Commission (SEC) and the Ethiopian Capital Market Authority (ECMA) brought together investors and financial experts from across Africa to explore the potential of Ethiopia’s newly-launched capital market. The conference, taking place from November 18 to November 22, aims to foster a deeper understanding of how this emerging market drives opportunities for the Ethiopian people, contributing meaningfully to peace and stability in the region.

The event serves as a platform for sharing best practices in capital market regulation, providing participants direct access to the expertise of the SEC. With decades of experience supporting the development of regulatory frameworks for capital markets worldwide, the SEC leads discussions on capital formation, insider trading, market abuse prevention, and conflict of interest mitigation. The goal is to create a vibrant and sustainable capital market ecosystem that promotes inclusive private sector growth, a priority for the U.S. government.

Representatives from the private sector and financial advisory groups from Kenya, Uganda, South Africa, Nigeria, and 16 other African nations are attending the conference. Including regional countries in the conference is a way to establish relationships and cooperation mechanisms across borders to ensure security of investments made in the capital markets.

In his opening remarks, USAID Mission Director Scott Hocklander underscored the importance of sustainable capital markets for economic growth, peace, and security. “Economic opportunity is one of the surest antidotes to conflict, and a well-functioning capital market can help provide that opportunity through increased access to employment and the resources needed to start or grow a business,” he said.

This collaboration highlights the U.S. government’s ongoing support for Ethiopia’s economic development and ECMA’s resolve to establish a robust capital market, empowering Ethiopia and its neighbors to achieve greater economic resilience and growth.

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