Capital Market

220 articles

Ethiopian Capital Market Authority Issues First Individual Securities Investment Advisor License

The Ethiopian Capital Market Authority (ECMA) has announced the issuance of its first individual securities investment advisor license under the Capital Market Service Providers Licensing and Supervision Directive No. 980/2024. The license has been granted to Mr. Habtamu Eshetu Gebre, a distinguished professional with a Master of Business Administration from Addis Ababa University and 25

StockMarket.et26 Jun 2024

Capital Market

Vodacom’s profit in South Africa takes a hit due to losses incurred in Ethiopia.

On Monday, South Africa’s Vodacom Group (VODJ.J) announced a 10.8% decline in full-year earnings, attributing it to several factors including startup losses in Ethiopia, increased finance and energy costs, and inflationary pressures. The company, mainly owned by Britain’s Vodafone (VOD.L), partnered in launching Safaricom Ethiopia in 2022, anticipating growth opportunities in the populous nation. Vodacom