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In Ethiopia, Investment Bank Law May Herald Creation of Stock Exchange at Tadias Magazine


April 28th, 2021
in Business.
Closed
A client uses an ATM at the Commercial Bank of Ethiopia in Addis Ababa. (Photo: Maheder Haileselassie Tadese/Reuters)
The Africa Report
Ethiopia has been progressively opening its banking sector since 2016. As the country moves ahead with its liberalization process under Abiy Ahmed’s leadership, the pace of reform has picked up. But with the recent flop of telecom privatization; partly because of fears around security, will financial sector opening fare differently? The fate of investment banks will be closely linked to moves to open an Ethiopian Stock exchange, and the wider privatization process.
Since 2018, the list of sectors open to foreign investment has expanded, including logistics and telecoms. ....

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