The Ethiopian Capital Market Authority (ECMA) announced a directive that will establish Ethiopia's first licensed securities exchange. The ECMA, established in 2021, holds the authority to regulate the capital market through directives. The newly issued "Directive on Licensing, Operation, and Supervision of Securities Exchanges, Derivatives Exchanges, and the Over-The-Counter Market No. This directive represents a significant departure from the previously fragmented securities trading landscape in Ethiopia. The directive paves the way for the Ethiopian Securities Exchange S.C. to officially begin operations.

Source: Ethiopian News July 17, 2024 17:07 UTC