Ethiopian Bourse Targets Equities, Debt Trading From September
- Government has cleared about 10 state-owned firms for listing
- Nation is one of five large African economies without a bourse
This article is for subscribers only.
The Ethiopian Securities Exchange plans to begin trading company shares, government-issued fixed income securities and money-market products as early as September, a move that comes as the war-ravaged country looks to attract new investors.
About 10 state-owned enterprises, including Ethiopian Telecommunications Corp., have been cleared for listing on the exchange, which aims to have 90 publicly traded companies in the first seven to 10 years, Chief Executive Officer Tilahun Kassahun said in an interview. Investors will be able to buy stakes ranging from 10% to 100% in these state-owned enterprises, he said.