{"id":36644,"date":"2026-06-09T20:21:12","date_gmt":"2026-06-09T18:21:12","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=36644"},"modified":"2026-06-09T20:21:12","modified_gmt":"2026-06-09T18:21:12","slug":"ethiopia-grants-first-ever-foreign-investment-banking-license-to-nigerian-company","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/ethiopia-grants-first-ever-foreign-investment-banking-license-to-nigerian-company\/","title":{"rendered":"Ethiopia grants first-ever foreign investment banking license to Nigerian company"},"content":{"rendered":"<p>In a landmark move for the country&#8217;s economic liberalization efforts, a Nigerian firm has been awarded Ethiopia&#8217;s first-ever foreign investment banking license.<\/p>\n<p>&nbsp;<\/p>\n<p>The Ethiopian Capital Market Authority announced that United Capital Financial Services has been granted a Capital Market Service provider license, officially allowing it to operate as an investment bank in Ethiopia.<\/p>\n<p>&nbsp;<\/p>\n<p>The breakthrough comes as part of Prime Minister Abiy Ahmed\u2019s broader economic liberalization program, which aims to attract much-needed foreign capital to keep Ethiopia&#8217;s infrastructure development on track and mature the local financial sector.<\/p>\n<p>&nbsp;<\/p>\n<p>Speaking on Africa In Business, Victor Aluyi, the Co-Managing Partner at Aztran Limited, highlighted the significance of the move for African financial synergy. He noted that while Nigerian commercial banks like Access Bank and UBA have long held a strong presence in East Africa, this marks the first time an investment management or investment banking firm has made the leap.<\/p>\n<p>&nbsp;<\/p>\n<p>According to Aluyi, the entry of foreign players will significantly deepen the newly launched Ethiopian securities market. By bringing in foreign capital and increasing available investment options, the move is expected to build critical capital formation and help stabilize the Ethiopian economy following a recent period of economic difficulty.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;ChannelAfrica&#8211;<\/p>\n","protected":false},"featured_media":22449,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-36644","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Nigerian firm has been awarded Ethiopia's first-ever foreign investment banking license","published_date":"2026-06-09 19:58:31","news_description":"Nigerian firm has been awarded Ethiopia's first-ever foreign investment banking license","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36644\/revisions"}],"predecessor-version":[{"id":36645,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36644\/revisions\/36645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/22449"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=36644"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=36644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}