{
}
Ethiopia has relaunched its stock exchange after a 50-year hiatus, marking a significant milestone in its economic landscape. Prime Minister Abiy Ahmed emphasized the potential for investment in the fast-growing economy, with Wegagen Bank becoming the first listed company. The exchange features a 75% allocation for private investors and aims to attract foreign direct investment, despite ongoing security challenges in the country.
Ethiopia has officially launched a securities exchange, marking a significant step in Prime Minister Abiy Ahmed's initiative to liberalize the nation's tightly controlled economy and attract private investment. This development is seen as a milestone in the country's economic reform efforts.
Ethiopia has significantly increased its revenue target to 1.5 trillion birr ($12.5 billion) for the fiscal year ending July 7, up from the previously set 613 billion birr. This ambitious goal aligns with an International Monetary Fund financing program that mandates economic reforms. Prime Minister Abiy Ahmed announced the new target during a session with lawmakers.
Abiy Ahmed
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ethiopia relaunches stock exchange after 50 years to attract investors
13:49 11.01.2025
Ethiopia launches securities exchange to boost private investment opportunities
16:04 10.01.2025
Ethiopia aims for 12.5 billion dollars in revenue through new taxes
11:03 31.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Retail and Consumer Goods
Startups & Entrepreneurship
Supply Chain Management
Global Trade Developments
Workplace Trends
Government Economic Policies
Stock Market Updates
CEO Changes
Industry Mergers & Acquisitions
Venture Capital Investments
Finance Mergers & Acquisitions
Fintech Startups
Energy Sector Developments
Emerging Startups
Financial Scams and Security
Cryptocurrency & Blockchain Regulations
Cryptocurrency Trends
Funding Rounds & Investments
Countries:
Companies:
Apple Inc.
Google Inc.
Alphabet Inc.
NVIDIA Corporation
Tesla, Inc.
Microsoft Corporation
Amazon.com, Inc.
Foxconn Technology Co., Ltd.
Samsung SDI Co., Ltd.
SWIGGY LIMITED
Netflix, Inc.
Airbnb, Inc.
Adobe Inc.
GEELY AUTO
TENCENT
CarTrade Tech Limited
Delhivery Limited
Ecom Express Ltd.
CapitaLand Investment Ltd
HMC Capital Ltd
Currencies:
United States Dollar
Chinese Yuan
Euro
Indian Rupee
Japanese Yen
South Korean Won
Indonesian Rupiah
Algerian Dinar
Australian Dollar
Vietnamese Đồng
Egyptian Pound
Saudi Riyal
Swiss Franc
British Pound Sterling
Russian Ruble
People: