Ethiopia’s Centarl Bank to Begin Trading Bonds in Secondary MarketOctober 7, 2017 - The National Bank of Ethiopia (NBE) will begin trading bonds in the secondary market this Ethiopian fiscal year (2017/18), reports FBC.The plan was delayed by two years because of failure to conclude the necessary studies at the required time, according to Dr Yohannes Ayalew, vice governor of NBE. As the system is new to Ethiopia, the preparation period took more time than expected. “However, since all the necessary reparations are completed now, we will begin it this Ethiopian fiscal year,” he said. According to him, the National Bank of Ethiopia also envisaged upgrading the secondary market into capital market. Source: FBCBack Print

Source: Ethiopian News October 08, 2017 06:33 UTC