United Capital Expands into Ethiopia and Rwanda

United Capital PLC has achieved a historic milestone by becoming the first foreign investment bank to secure an operational license in Ethiopia, a country with a population exceeding 120 million. This expansion into Ethiopia, alongside operations in Rwanda, signifies a pivotal moment in the evolution of regional investment banking.

The Ethiopian government, under Prime Minister Abiy Ahmed, is gradually liberalizing its financial sector, which has attracted global attention and investment. United Capital's entry into Ethiopia is seen as a foundational step in developing the country's capital market ecosystem.

In Rwanda, the company has received regulatory approval to provide a full suite of services, including investment banking and portfolio management, further solidifying its presence in East and Central Africa. This strategic expansion is part of a broader vision to enhance cross-border collaboration and integrate African capital markets, ultimately driving economic growth and wealth creation across the continent.