Ethiopia

Ethiopia

Ethiopia’s first securities dealer and investment banks

The Ethiopian Securities Exchange is moving closer to starting trading activities, with the news that the Ethiopian Capital Market Authority (ECMA) has granted licenses to ...

Climate

Clear progress for Africa’s financial markets

Jeff Gable, Chief Economist, and Anthony Kirui, Head of Global Markets Ex.SA, at Absa CIB explain why recent strong progress in Africa’s financial market development ...

Ethiopia

Money market trading underway on Ethiopian Securities Exchange (ESX)

As excitement builds ahead of the launch of the Ethiopian Securities Exchange (ESX), banks are already actively trading on its online Interbank Money Market trading ...

Capital raising

Ethio Telecom IPO – Updated with details

UPDATED WITH DETAILS OF SHARE OFFER The state-owned giant Ethio Telecom launched its offer of 10% of its shares to the Ethiopian public from 17 ...

Ethiopia

InfoTech trading system for ESX Ethiopian stock exchange

The Ethiopian Securities Exchange (ESX) has signed two pivotal technology agreements with Infotech Private Limited. The agreements cover the design, supply, and installation of an ...

Capital raising

Fast progress at Ethiopian Securities Exchange

The Ethiopian Securities Exchange (ESX) is pushing forwards towards its launch and aims to launch secondary trading in bonds, equities and money market instruments in ...

Ethiopia

Electronic trading system for new Ethiopian Securities Exchange

The tenders are open for the automated trading system and broker back office systems for the Ethiopian Securities Exchange (ESX) and for the market surveillance ...

Egypt

How good are Africa’s financial markets?

Africa’s financial markets continue to progress and have demonstrated growing financial resilience in 2023, despite a challenging environment. Below we interview Jeff Gable, Absa Group’s ...

Ethiopia

Ethiopia has one of Africa’s biggest sovereign wealth funds

The Ethiopian Government has transferred 27 state-owned enterprises to a new $38bn sovereign wealth fund, including some of Africa’s biggest and most successful companies such ...

Ethiopia

Progress towards Ethiopia’s Stock Exchange

At least 50 companies are expected to list when Ethiopia’s stock exchange launches. The country’s new $38bn sovereign wealth fund Ethiopia Investment Holdings (EIH) is ...

Capital raising

Opening Coca Cola’s $8.1bn IPO plan

Coca-Cola could aim for €7bn ($8.1bn) when it lists its African bottling operations with an initial public offering (IPO) of shares before listing on Euronext ...

Ethiopia

Ethiopia’s draft capital markets bill

One of Africa’s biggest economies is taking a step closer to establishing a capital market to allocate capital more efficiently. The National Bank of Ethiopia ...

Capital raising

Ethiopia aims for stock exchange by 2020

Ethiopia has set itself a tight timetable for economic reform, including privatization of telecoms by the end of 2019 and a domestic stock exchange by ...

Ethiopia

World Bank $1.2bn to supporting financial sector in Ethiopia

The World Bank has announced that it will give a $600m grant and a $600m loan towards supporting reforms in Ethiopia's financial sector including improving ...

Capital raising

Politics getting better, Ethiopia ready for business says Arkebe Oqubay at UK-Ethiopia forum

A packed room of businesspeople and investors assembled in London on 16 October to hear about opportunities and news at the UK-Ethiopia Trade & Investment ...

Capital raising

Why Ethiopia needs a stock exchange as it liberalizes

One of Africa’s biggest economies. Ethiopia, announced a transformational liberalization and privatization campaign. But there is no Ethiopian stock exchange, limiting participation by citizens and ...

Cote d’Ivoire

Egypt is Africa’s new #1 investment destination

Rand Merchant Bank’s (RMB) Where to Invest in Africa 2018 report shows changes in the top investment destinations in Africa. Egypt is the new number ...

Ethiopia

Ethiopian Commodity Exchange (ECX) CEO resigns

The CEO of the Ethiopian Commodity Exchange (ECX), Ermias Eshetu, has tendered his resignation, according to a news report. He will stay until a successor ...

Ethiopia

Do African commodities exchanges achieve the desired results?

The Ethiopian Commodity Exchange (ECX) has received at least $29m in donor funding since 2008 but is it achieving its aims of transforming agriculture for ...

Ethiopia

Ethiopian Commodity Exchange gets online trading platform

The Ethiopian Commodity Exchange (ECX) has unveiled an online trading platform, eTRADE, that has capacity for nearly 5,000 times more transactions than its current "open ...