AMG Investment Bank gets licence to boost Ethiopia's capital market
The new bank plans to offer services including IPOs, bond issuance, and mergers and acquisitions advisory.
AMG Investment Bank PLC received its investment banking licence from the Ethiopian Capital Market Authority (ECMA) on November 13, 2026, at a ceremony in Addis Ababa. The bank, established with Birr 50.1 million in initial stated capital, aims to help businesses raise capital and access Ethiopia's developing securities market.
The bank's planned services include supporting initial public offerings, bond and sukuk issuance, underwriting and private placements. Abera Bekele Kejela, AMG Investment Bank's chief executive officer, said the bank will focus on sectors including manufacturing, agro-processing, logistics and energy, as well as emerging areas such as financial technology and green finance.
The bank's next step is to secure membership in the Ethiopian Securities Exchange (ESX). ECMA also licensed NileBridge Investment Bank PLC, bringing the total number of licensed Capital Market Service Providers in Ethiopia to 23, with 11 licensed investment banks.
Why it mattersBusinesses seeking to list shares or sell bonds will have another licensed bank to turn to, and the number of licensed investment banks in Ethiopia rises to 11.