KEYIR NEWS - In a landmark move designed to consolidate their presence in the emerging capital market, Nib International Bank and CBE Capital Investment Bank have signed a strategic cooperation agreement.
The accord, formalised at Nib’s headquarters, signals the beginning of a collaboration aimed at enhancing competitiveness, operational efficiency, and long-term growth across the financial sector.
Henok Kebede, Chief Executive Officer of Nib International Bank, underscored the significance of the agreement in accelerating the bank’s entry into capital market activities.
“This partnership is a catalyst that will not only strengthen Nib’s position but also expand our participation in capital market services as Ethiopia embarks on this new chapter of financial sector reform,” he remarked.
Echoing this sentiment, CBE Capital’s Chief Executive Officer, Zemedeneh Negatu, highlighted the alignment of vision between the two institutions.
“Our partnership reflects a shared ambition to deliver impactful financial solutions that respond to the needs of investors and the broader economy. By combining expertise and resources, we are positioning ourselves to play a transformative role in the capital market development,” he stated.
The signing ceremony drew senior executives from both banks, reflecting the strategic importance placed on the alliance. Beyond the symbolism of cooperation, the partnership is expected to generate practical outcomes in investment banking, asset management, and capital market development, sectors seen as pivotal to Ethiopia’s economic transformation and integration into the global financial system.
Industry analysts note that the agreement comes at a critical juncture as Ethiopia prepares to operationalise its nascent capital market through the Ethiopian Capital Market Authority (ECMA).
With growing investor interest and regulatory frameworks taking shape, strategic collaborations between established financial institutions are expected to accelerate market confidence and maturity.
For Nib International Bank, the alliance marks a decisive step towards diversification beyond conventional banking, while for CBE Capital, it enhances its capacity to channel investment flows and deliver sophisticated financial products.
Together, the two institutions aim to foster innovation, attract investment, and support the long-term aspirations of building a robust, inclusive, and competitive financial sector.
As Ethiopia launches its capital market, the partnership between Nib and CBE Capital represents more than a corporate agreement, it is a signpost of the country’s broader ambition to leverage finance as an engine for sustainable growth.