Finally, the Ethiopian government is poised to set up the country’s first stock market by 2020. But now the time is approaching for the establishment of the first Addis Ababa Stock Exchange. Eyessuswork said that the technical studies for the establishment of the Addis Ababa Stock Exchange were done by Ernst and Young twenty years ago. Some financial experts doubt if the planned Addis Ababa Stock Exchange can be realized by 2020. How can we have a stock exchange where there is no reliable accounting information?” he inquired.

Source: Ethiopian News December 22, 2018 06:31 UTC