Senior government officials assert that Ethiopia’s progress toward opening its capital market represents a fundamental transformation in its economic landscape. Public-share subscriptions by large corporations and financial companies have been documented as early as 1956. They also emphasize the importance of establishing institutions with extensive powers to oversee and regulate Ethiopia’s capital market. “Given the current challenges, including conflict, high external debt, and a scarcity of foreign exchange, Ethiopian companies might be hesitant to go public,” Henok asserted. He argues that a capital market can provide a shield for both investors and entrepreneurs during economic downturns.

Source: Ethiopian News June 10, 2024 12:09 UTC