Ethiopia was set to launch a stock exchange on Friday, the latest step in Prime Minister Abiy Ahmed's attempts to liberalize the struggling economy. The first ...
Ethiopia’s long-anticipated stock exchange went live on Friday, marking a turning point for an economy struggling with low access to finance. Banking gurus, economists, and investors who have ...
Ethiopia has not had any form of stock exchange in 50 years, since the 1974 fall of Emperor Haile Selassie and the rise of a Marxist-inspired regime, known as the Derg, which nationalised the economy.
The most notable of the shift it paves the way for is the opening up of the sector to foreign banks five decades after they were booted out of Ethiopia following the ascent to power of the socialist ...