Nairobi, April 1 -- Audit and consultancy firm Deloitte is the first entity to secure a securities investment adviser license for operation in Ethiopia ahead of the formal launch of the country's Securities Exchange slated for the third quarter of this year.

Deloitte applied for the licence out of its Nairobi office and has registered an office in Ethiopia to start operations in the budding capital markets.

"We are thrilled to be the first licensed securities adviser in Ethiopia. This achievement underscores our commitment to the country's capital market growth and demonstrates our dedication to supporting our clients in the region," said Tewodros Sisay, Deloitte Africa Advisory leader.

"We are well-positioned to support businesses in ...