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Call for proposal

1 November 2021

Ethiopia Licensing Regulations

Closing date

19.11.2021 1:00 pm

Ethiopia is in the process of establishing a capital market in line with the recent enactment of the Capital Markets Proclamation. This requires putting in place the necessary institutions, policies, legal instruments (directives and regulations), and market infrastructure required to operationalise the Proclamation.

The Ethiopia Capital Markets Project Implementation Team (CMPIT) has been established by the NBE with a mandate to operationalise the Capital Markets Proclamation. The CMPIT reports to the Governor of the National Bank of Ethiopia (NBE) until a Director-General for the Capital Markets Authority is appointed by the Prime Minister.

The NBE, with our support, is therefore seeking the services of a consultant to develop the rules and regulations for the licensing and supervision of capital market service providers in Ethiopia. These service providers are required to operationalise the capital market by providing the capital market intermediation and market infrastructure services in the country.

We have appointed Outsized to support the shortlisting and selection of a consultant for this upcoming project. 

The main objective of the assignment is to develop a robust policy and regulatory framework for the licensing and supervision of capital market service providers in Ethiopia. It will also entail the development of an operational manual to be used by the Capital Market Authority, Ethiopia, in review and approval of licensing applications as well as supervision and monitoring of licensed intermediaries. 

For more information and details on how to submit proposals, please download the full terms of reference document.

Submitted proposals should not exceed 10 pages (excluding annexures) and should be sent by 19 November 2021 by 12pm CAT under a subject line reading ‘Invitation to tender: Licensing Regulatory Framework Development for Ethiopia.’  The review will be based on the main proposal.