Vision and Initiation

The establishment of Siinqee Investment Bank S.C began with the foresight of Mr. Neway Megersa, President of Siinqee Bank. Having already led the transformation of Siinqee from a microfinance institution into a full-fledged commercial bank, he envisioned the next frontier: positioning Siinqee at the heart of Ethiopia’s emerging capital market.

To ground this vision in evidence, a research team from Addis Ababa University, guided by the Association of Ethiopian Microfinance Institutions (AEMFI), was commissioned to study the implications of capital market development on Ethiopia’s banking sector. Their findings were clear: capital markets and banks are not rivals, but partners. Together, they drive economic growth through market capitalization and bank asset-to-GDP ratios. The recommendation was bold yet practical: Siinqee should establish an investment bank as a subsidiary, strengthening its own foundation while opening new opportunities for customers and society at large.

Strategic Commitments

Turning vision into action, Siinqee created a Capital Market Unit under the Strategy and Change Management Department. To build internal capacity, twenty employees from a diverse group of board members, directors, managers, and officers were selected for advanced training and certification in securities and investment, facilitated by Bruh Finance in partnership with CISI.

This commitment reflected more than compliance; it was an investment in people, ensuring that Siinqee’s future leaders would be equipped to navigate and shape Ethiopia’s capital market.

Partnerships and Planning

By 20 June 2025, momentum had grown and a shareholders’ meeting held at Elilly International Hotel, in which the memorandum of association was approved, the Board of Directors elected, and Mr. Neway Megersa appointed as the first Chairperson of the Board. This moment marked the transition from vision to institution.

Leadership Appointments

Leadership is the cornerstone of transformation. The newly formed Board approved the appointment of the first Chief Executive Officer (CEO) of Siinqee Investment Bank S.C. With confidence and resolve, Mr. Girma Muleta was entrusted to lead the Bank into its pioneering role in Ethiopia’s capital market.

Licensing and Operational Readiness

With leadership in place and strategy defined, Siinqee submitted its formal application for an investment license to ECMA on 15 July 2025, followed by additional documentation on 15 August 2025.

After rigorous compliance checks and presentations, the vision became reality: on 31 December 2025, Siinqee Investment Bank S.C was officially granted its operational license under ECMA Directive 980/2024.

Outcome

Today, Siinqee Investment Bank S.C stands as a new institution in Ethiopia’s capital market. Its establishment represents:

• A strengthened competitive edge for Siinqee Bank.

• Expanded financial opportunities for customers.

• A meaningful contribution to Ethiopia’s economic growth and modernization.

More than a milestone, this achievement is a testament to visionary leadership, strategic commitment, and collective effort marking a story of transformation that positions Siinqee at the forefront of Ethiopia’s financial future.

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