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Wegagen Capital and Rammis Bank Announce Strategic Partnership to Boost Capital Market Development
Wegagen Capital has announced a new strategic partnership with Rammis Bank, marking a step aimed at expanding participation in Ethiopia’s emerging capital market. The agreement positions Wegagen Capital to support the registration of Rammis Bank’s existing shares and guide the institution through broader capital market activities.
Rammis Bank, one of Ethiopia’s fully fledged interest-free banks, has been expanding its footprint in Sharia-compliant financial services since its establishment. By engaging Wegagen Capital, the bank seeks to strengthen its market position ahead of anticipated sector-wide reforms and increasing investor interest.
According to both institutions, the partnership is designed to promote an inclusive, modern financial ecosystem by aligning Rammis Bank’s offerings with capital market requirements while adhering to Islamic finance principles. The collaboration is expected to support the bank’s long-term ambitions for transparency, diversified fundraising, and enhanced corporate governance.
Analysts say such partnerships signal rising momentum in Ethiopia’s capital market as banks and financial institutions prepare for deeper participation in securities trading and regulatory frameworks. Wegagen Capital emphasized that the collaboration reflects a shared commitment to professionalizing market activity and contributing to the sector’s overall competitiveness.
Both parties expressed confidence that the partnership will advance institutional readiness, broaden investor options, and support the country’s ongoing financial-sector modernization efforts.
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