NBE eyes Ethiopian stock market

16 Oct

by Muluken Yewondwossen, Capital, Posted by The Ethiopia Observatory

The National Bank of Ethiopia (NBE) announced, yet again, that it commenced a study on the possibility of establishing a stock market (capital market) in Ethiopia.

NBE stated that it has started the study a few weeks back in order to launch a stock exchange in the country during a discussion held at the Hilton hotel attended by experts from the financial sector and representative of the central bank.

NBE representatives said that in the past year the central bank has finalized its study to establish secondary market in the country. “But we have gone back to our study and focus on a stock exchange that will include both the primary and secondary market,” an expert from NBE explained.

Two years ago, in relation with its issuing the national bond, the government had considered the establishment of the secondary market in the country.

Representatives of the private sector and an expert who was present at the stock exchange study briefing disclosed that a market similar to secondary market used to exist in the 1960s during the era of Hailesellasie.

Read the full article from Capital.

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