United Capital, a leading pan-African investment banking and financial services group, has achieved a major milestone in its continental expansion strategy with the successful acquisition of investment banking licences in Ethiopia and Rwanda.
With these approvals, United Capital became the first foreign institution licensed to provide investment banking services in Ethiopia, covering financial advisory services, securities brokerage and portfolio management, marking a significant milestone in the development of the country’s emerging capital market ecosystem.
The approval notice was contained in a statement issued by the firm and sent to The PUNCH on Monday.
The licence enables the Group to establish operations in Ethiopia and participate in capital market activities, supporting market development while expanding access to its range of financial and investment solutions across the region.
According to the Ethiopian Capital Market Authority, the approval followed a comprehensive regulatory review process involving multiple government institutions and extensive cross-market due diligence.
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