Africa Gets New Stock Market as Ethiopia Seeks to Woo Investors
2 days, 10 hours ago

Africa Gets New Stock Market as Ethiopia Seeks to Woo Investors

Live Mint  

Ethiopia is opening a stock exchange after a five-decade gap, in its latest step to lure investors to a nation that’s struggling to control regional strife as it recovers from a civil war. Africa’s most-populous nation after Nigeria also changed rules so that investments in the capital market are “treated favorably” to allow investors repatriate funds easily, Tilahun said in an interview. While a $3.4 billion bailout deal with IMF will bolster foreign-exchange levels, “liquidity levels remain far from comfortable,” said Jacques Nel, an economist at Oxford Economics Africa. To discourage “hot money” flows, Abiy’s government plans to introduce rules that will mandate a minimum investment period, Tilahun said.

Investors Billion Nation Ethiopia Exchange Country Tilahun  investment  nation  country  tilahun  woo  stock  africa  exchange  ethiopia  gets  investors  billion  foreign  market  seeks

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