Ethiopian banks need corporate-governance overhaul to make stock market work - The Africa Report.com

  • 📰 TheAfricaReport
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 55%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

More than half a century without an official capital market has left Ethiopia short of the range of expertise needed to make a success of current plans, says Mered Fikireyohannes, CEO of Pragma Investment Advisory in Addis Ababa.

Reserved for subscribersSign for a branch of Commercial Bank of Ethiopia along Bole Road in Addis Ababa, Ethiopia, July 31, 2019. REUTERS/Maheder Haileselassie Tadese

The country had an informal stock market in the late 1950s, which became official in 1965. The socialist revolution of 1974-75 led to the nationalisation of private businesses and the end of the exchange. That era now seems to be closing, with the starting roadshows to raise capital in May. The exchange is offering ownership of up to 75% to local and foreign private-sector investors.Get unlimited access to our exclusive journalism and features today.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 29. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen