Director General of the Ethiopian Capital Market Authority Brook Taye.

Regulator Issues Fee Directive for Capital Market

The Ethiopian Capital Market Authority (ECMA) has issued a new directive that sets out the fee schedule for the services it provides.

ECMA announced the release of the directive registered by the Ministry of Justice as a ‘The Capital Market Authority’s Fee Directive No 996/2024’ on Wednesday.

The Authority is mandated to foster the development and regulation of the capital market in Ethiopia.

Its new directive is applicable to all Registrations of Securities, License applications and Capital Market Transactions.

The Fee Directive comes after the approval and release of the Capital Market Service Providers Licensing and Supervision Directive two months ago.

The Authority has started accepting service provider license applications since then, having issued its first license on March 30th 2024.

ECMA says it remains committed to creating a transparent, efficient, and investor-friendly capital market environment that fosters economic growth and prosperity in Ethiopia.