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United Capital has become the first foreign investment bank licensed in Ethiopia.
The development follows the company's recent entry into Rwanda, marking a broader expansion into East Africa.
The approvals allow United Capital to broaden its Pan-African presence and provide investment banking, financial advisory, portfolio management, trusteeship and securities brokerage services in Rwanda and Ethiopia.
The move reflects growing momentum across East African capital markets as countries continue to attract investment, deepen market participation, and strengthen financial infrastructure.
For United Capital, it represents another bold step in its mission to power Africa's economic growth and unlock opportunities across the continent.
#CapitalMarket #InvestmentBanking #FeaturedPost
Most investors want investment opportunities the same way Nigerians want jollof rice.
Already cooked.
Already served.
Already confirmed.
United Capital just got licensed in Ethiopia.
This is After Rwanda gave UCAP approval to commence operations.
They’re entering before the market fully matures.
Because wealth is usually built in construction zones, not tourist attractions.
By the time everybody sees the opportunity, the biggest gains are usually gone.
@UnitedCap
@UnitedCap has become the first foreign investment bank to secure an operating licence in Ethiopia. The group has also received approval to operate in Rwanda.
African institutions are increasingly leading, competing, and succeeding across the continent.
News: Ethiopian Capital Market Authority grants first foreign investment banking license to Nigerian firm United Capital
Addis Abeba – The Ethiopian Capital Market Authority (ECMA) has granted the country's first foreign investment banking license to United Capital Financial Services PLC, a subsidiary of Nigeria-based United Capital Group.
In a statement, ECMA said the newly issued capital market services provider license authorizes the company to operate as an investment bank in Ethiopia. The Authority also approved the appointment of five board directors and licensed four designated representatives.
The license, issued on 05 June 2026, brings the total number of licensed capital market service providers in Ethiopia to 18, including seven investment banks, according to the Authority. ECMA said the development reflects the continued expansion and implementation of the country's capital market reforms.
Speaking during the licensing ceremony, Hana Tehelku, Director General of ECMA, described the entry of United Capital as a historic milestone for Ethiopia's capital market sector.
She said the arrival of a pan-African financial institution signals growing confidence in Ethiopia's financial ecosystem and ongoing economic reform efforts.
According to Hana, the move also underscores increasing recognition of the country's market potential and institutional progress.
The Director General added that the participation of foreign financial institutions is expected to contribute to greater market depth, strengthen institutional capacity, and support regional financial integration.
She further emphasized the importance of maintaining high standards of market conduct, corporate governance, and regulatory compliance, urging all licensed service providers to operate in line with the Authority's regulatory framework.
United Capital becomes the first foreign firm to receive an investment banking license in Ethiopia, marking a new stage in the country's efforts to develop a modern and competitive capital market. AS
BREAKING🇪🇹✔️"Historic Milestone: United Capital Becomes Ethiopia’s First Foreign Investment Bank from Nigeria Reports Capital Newspaper"https://t.co/ldHf5jsK6V
Nigeria's United Capital Group has become the first foreign investment bank licensed to operate in Ethiopia through its subsidiary, United Capital Financial Services PLC.
Ethiopian Capital Market Authority grants Nigeria’s #UnitedCapital first foreign Investment banking license https://t.co/l4ZNGAVibp via @The Government and Business Journal
#investmentbanking#Ethiopia#ECMA
Massive news for United Capital! 🚀
UCAP has officially made history as the *first* foreign firm to bag an investment banking license in Ethiopia, expanding into a market of 120M+ people.
First-mover advantage locked in. 🇳🇬🤝🇪🇹
#Investing#NGX#UnitedCapital#TNI
Big Moves!😳
@UnitedCap just became the first foreign investment bank licensed in Ethiopia and they just recently also got the same license in Rwanda.
East Africa is opening up faster than most people are tracking and this Rwanda to Ethiopia sequence is part of that shift.
United Capital just became the first foreign investment bank licensed in Ethiopia.
This follows the approval to commence operations in Rwanda, and together both developments sit within a broader phase of East African markets gradually opening up to structured capital and institutional participation.
Ethiopia is still at an early stage in the development of its capital market framework, where regulatory systems are still evolving and investment banking activity is only just beginning to take shape in a formal sense.
Being present at this stage means engaging in a market as it develops, not after it has fully matured. In practical terms, this is where early entrants often become closely positioned to how financial systems expand, how capital is allocated, and how long-term investment relationships are formed.
Kudos @UnitedCap 👏
United Capital just became the first foreign investment bank licensed in Ethiopia.
A few weeks ago, Rwanda.
That's not just expansion.
That's a bold bet on Africa's future.
Funny thing?
When the rewards come years later, people will call it luck.
Nobody ever sees the patience.
They only see the outcome.
Africa's next financial giants are being built in real time.
@UnitedCap