Fekadu Petros (Assistant Professor)Fantahun Delelew2025-08-082025-08-082025-01-01https://etd.aau.edu.et/handle/123456789/6270The thesis examines the implementation of the Ethiopian capital market proclamation what it brings about the challenges and opportunities through the legal and institutional framework in Ethiopia. The study is based on the doctrinal approach by which used the primary and secondary data .The research is aimed to answer the question of problem which identified as "to what extent are the legal frameworks and enforcement mechanisms in Ethiopian capital market rules and practices efficient in comparison to well-developed international standards?" to answer this main question the following specific issues will be addressed: What are the core elements of international normative standards on capital market regulation and the challenges of implementing the framework at the domestic level? What are the key institutional building blocks of the Capital Market in Ethiopia? What are the challenges in implementing the new capital market Proclamation No. 1248/2021? The theses examines the Ethiopian legal and institutional frame work weakness and strength from the imperial to the present situation. It also analysis the capital market proclamation with regarding the key provisions in which the principal institutions are identified with their power and responsibility. And also analysis the law how to be implemented and protect the investors from unfair treatment, market manipulation, false information, insider trading and so on. In comparison with the international capital market principles, the capital market proclamation is evaluated. The paper also examines the opportunities and challenges of the implementation of the capital market proclamations. Finally the conclusions and the author recommendation are suggested based on the examination of the studyenIn comparison with the international capital market principlesThesis