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Capital MarketEthiopia stands on the cusp of an economic transformation, one that hinges on the development of a thriving capital market. Ermias Amelga, a seasoned investment banker with deep insights into Ethiopia’s financial landscape, shared his vision for how the country can unlock its economic potential through a well-structured and fully functional capital market. With a
Capital MarketThe anticipation was palpable as Skylight Hotel buzzed with activity in preparation for one of the most significant events in Ethiopia’s financial history—the Capital Market Summit 2024 (#CMS2024). Experts, government officials, university representatives, and event organizers alike were running around, ensuring that the summit would be an unforgettable experience. Everywhere you looked, the phrase “capital
The Ethiopian Capital Market Authority (ECMA), in partnership with the African Development Bank (AfDB) and the International Finance Corporation (IFC), launched Ethiopia’s first-ever Capital Markets Summit under the theme: “Paving the Way for a Sustainable Future.” This landmark event brings together influential leaders and experts to advance Ethiopia’s financial markets, opening new pathways for sustainable
Capital MarketThe Ethiopian Securities Exchange (ESX) has signed a landmark Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) and iCapital Africa Institute, marking a significant step towards advancing regional financial markets. This milestone agreement aims to strengthen financial markets in both Ethiopia and the broader East African region. Speaking at the signing ceremony, ESX
Capital MarketIn a groundbreaking moment for Ethiopia’s economy, Ethio Telecom has launched its first Initial Public Offering (IPO), marking a significant step in the country’s journey towards a fully functioning capital market. The state-owned telecom giant is offering a 10% stake to retail investors, a move expected to reshape the investment landscape in Ethiopia. This IPO
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Capital MarketEthio Telecom, a government-owned entity, has been granted a broker license, allowing it to sell a 10 percent stake to local investors through its Telebirr application, as reported by a reporter newspaper. Starting Wednesday, October 16, 2024, 10 percent of Ethio Telecom’s total equity will be divided into shares for sale. These shares will be
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Capital Marketway to invest in income-producing real estate without the need to directly manage properties. We’ll cover: Tune in to learn how REITs provide a structured and transparent way to diversify your investments! Listen now and discover how REITs can work for you!
BusinessNext week, Ethio Telecom will make history as the first company to be listed on Ethiopia’s newly established stock exchange, with the government planning to sell a 10% stake in the state-owned telecom giant. The announcement was made by Brook Taye, CEO of Ethiopia Investment Holdings, in a statement to Reuters. This development marks a
TELE+3.81%“The Evolution of Share Trading in Ethiopia” on StockMarket.et outlines the history of the Ethiopian capital market. The text highlights the three major periods in its development: the nascent beginnings in 1957 with early investment, the establishment of the Share Dealing Group in the 1960s that facilitated trading, and the long hiatus following the nationalization
Capital MarketBloomberg Media Initiative Africa (BMIA) has launched its Financial Journalism Training (FJT) program in Ethiopia, marking its expansion to the ninth African country. The program was inaugurated at a ceremony in Addis Ababa attended by government, academic, and industry leaders. Fifty-five delegates from media, financial organizations, and government agencies will participate in the first cohort,
Capital MarketEthiopian Investment Holdings (EIH), Africa’s largest sovereign wealth fund, with over $150 billion in assets under management, represents Ethiopia’s long-term commercial and investment interests. Since joining its African peers in January 2022, EIH has been pivotal in driving the performance of public commercial assets through modern management practices, corporate governance standards, and innovative investment platforms.
Capital MarketThe Dawn of Share Trading (1957-1960) Share trading in Ethiopia began in 1957, marking the start of a new era in the country’s financial landscape. By the early 1960s, the budding market had seen nearly 61 million Birr invested in shares, with a significant 41 million Birr flowing into foreign companies. This initial wave of
