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Ethiopia’s SMEs can drive stock market beyond stagnation: Advisor - The Africa Report.com

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Ethiopia’s abundance of small and medium-sized businesses mean the country’s stock market planned for 2024 won’t be a backwater where just a few large stocks are traded, a foreign adviser says.

Reserved for subscribersEthiopian banks face crucial decisions on training for market liberalization and a capital market. REUTERS/Maheder Haileselassie Tadese

The country is likely to be able to open its first stock market since 1974 as planned in the first half of next year, says Sandy Wade, Africa Advisory’s associate director for the Horn of Africa. “The only thing that would cause a significant delay would be a government decision,” he says.Get unlimited access to our exclusive journalism and features today.

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