Monday Breakfast Stories and more from the StockMarket.et desk.
In a statement issued by Prime Minister Abiy Ahmed this week, he said that the Ethiopian Securities Exchange, which is being established, will start operating “within two months at the most”. The capital market will start by offering 10 percent of Ethio-Telecom’s shares for sale. The capital raising process will soon come to an end.
With an investment of 20 million birr, Zemen Insurance now holds a noteworthy two percent stake in the Exchange, provided that promoters adhere to the initial equity cap of one billion birr. This strategic move underscores Zemen’s commitment to diversifying its investment portfolio and capitalizing on emerging opportunities within the financial market. Read more Commercial
Monday Breakfast Stories lands every week — the capital market, banking, and startup news that moved.
