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# United Capital Group secures investment banking license to operate in Ethiopia
- URL: https://www.theglobalbanker.com/united-capital-group-secured-investment-banking-license-to-operate-in-ethiopia/
- Published: 2026-06-08T10:08:35.000Z
- Updated: 2026-10-01T23:47:43.000Z
- Description: Nigeria’s United Capital Group secured regulatory approval from the Ethiopian Capital Market Authority to operate investment banking in Ethiopia, becoming the first foreign investment bank licensed in the country.
- Author: TGB Editorial Team
- Tags: Banking News, Africa

United Capital Group received approval from the Ethiopian Capital Market Authority (ECMA) on 5 June 2026 to operate as an investment bank in Ethiopia, through its wholly owned subsidiary United Capital Financial Services PLC, becoming the first foreign investment bank licensed in the country.

#### REGULATORY CONTEXT AND PERMIT SCOPE

The approval granted by the Ethiopian Capital Market Authority allowed United Capital Group to engage in investment banking activities inside Ethiopia’s jurisdiction. 

**The licensing process involved the Ethiopian Capital Market Authority, the Ethiopian Investment Commission and coordination with Nigerian regulators. A Deloitte subsidiary, D&T Management Consulting, had earlier been licensed as a securities adviser, but United Capital is the first foreign institution to receive an investment banking licence.**

#### OPERATIONS AND PLANS

Chief executive Peter Ashade said the licence reflected growing pan-African financial cooperation.

United Capital has injected more than $1.5 million into its Ethiopian operations and may also seek to manage collective investment schemes. The regulator expects it to hire and train Ethiopian professionals.

**Sources:** [Capital (Ethiopia); Nairametrics](https://nairametrics.com/2026/06/08/united-capital-secures-license-to-operate-investment-banking-in-ethiopia/)