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Capital MarketIn a pioneering move for the Ethiopian insurance sector, Zemen Insurance has secured a significant stake in the upcoming Ethiopian Securities Exchange (ESX). The agreement, inked at the Zemen Insurance headquarters, marks a pivotal moment as the insurance industry ventures into the realm of stock exchange investment. With an investment of 20 million birr, Zemen
Capital MarketIn a recent development, an Ethiopian delegation led by Dr. Brook T., Director General of the Ethiopian Capital Markets Authority, and Dr. Tilahun E. Kassahun, CEO of the Ethiopian Securities Exchange, embarked on a visit to Johannesburg. Their primary agenda: to explore plans for the establishment of a domestic stock exchange in Ethiopia. During their
Embark on a journey through Malaysia’s capital market evolution, a testament to resilience, innovation, and strategic vision. From its colonial roots to its contemporary prowess, Malaysia’s capital market narrative unveils a captivating tale of growth and adaptation, enriching the nation’s economic landscape. Malaysia’s capital market narrative begins amidst the colonial era, where rudimentary financial infrastructure
Capital MarketIn a landmark move set to reshape Ethiopia’s financial landscape, EthioTelecom is gearing up to become the inaugural company listed on the equity side of the Ethiopian stock exchange. Dr. Brook Taye, in an exclusive interview with Business Daily Africa, disclosed that EthioTelecom plans to offer 10% of its stake to the public, marking a
Capital MarketAwash Bank has announced that it has invested 70 million birr in Ethiopian Securities Exchange. Banks continue to invest in ESX and so far ESX has managed to increase the amount of investment received from private banks to 217.5 million birr. Awash Bank has invested 70 million in the Ethiopian Securities Exchange and got 7.7%
AWAB-2.78%
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has teamed up with the Information Network Security Administration (INSA), the Ethiopian Artificial Intelligence Institute, and the National ID Project Office to strengthen its technological setup and ensure investors’ safety. This partnership, agreed upon on February 29, 2024, covers cybersecurity, transaction protocols, infrastructure, data protection, and preventing personal data
Capital MarketA new task force has been formed to make sure that public offerings and trading of securities are fair and safe. This task force includes members from the Ethiopian Capital Market Authority, the ministries of Justice and Trade, and various security agencies. They are joined by officers from the Federal Police Commission and the Financial
Capital MarketIn a move set to bolster Ethiopia’s capital market, Global Bank SC has announced a strategic investment of 50 million Birr in the Ethiopian Securities Exchange (ESX). This significant injection of capital reaffirms Global Bank’s commitment to Ethiopia’s economic development and underscores its belief in the pivotal role of the capital market. The investment marks
Capital MarketEver wondered how money dances behind the scenes, or how businesses grow and dreams take flight? Welcome to the special world of capital markets, where we are about to unravel some mysteries without making things too complicated. In this article, we are taking you on an adventure to explore the heart of capital markets with
Capital MarketIn today’s announcement, the Ethiopian Capital Market Authority has established Monday, February 12th, as the initiation date for licensing service providers. Following the directive issued on January 27th, which indicated a two-week timeframe for license provision, the authority is on track to commence licensing next week. Brook Taye (PhD), the Director General of the Authority,
Capital MarketIn a major leap towards strengthening the integrity and transparency of Ethiopia’s financial landscape, the Ethiopian Capital Market Authority (ECMA) announces the official enforcement of the “Capital Market Service Providers Licensing and Supervision Directive No. 980/2024” as of January 18, 2024. This directive marks the inaugural step in a series of forthcoming regulations by the
Capital MarketThe National Bank of Ethiopia (NBE) has initiated a project aimed at modernizing Ethiopia’s securities infrastructure by introducing a Central Securities Depository (CSD). Montran, a financial technology solutions provider based in the United States, has been contracted by the regulatory body to collaborate on the design and construction of the new CSD system. A Central
