In an interview with Kenyan outlet The East African, Ethiopia Capital Markets Authority (ECMA)Director-General Brook Taye shared insights into the country's burgeoning capital markets and the opportunities they present. The ECMA, operational for 14 months, has been diligently crafting regulations, engaging experts, and fostering dialogue with potential market participants to ensure a smooth transition to the exchange. The foundation for the exchange has been laid, with the establishment of the Ethiopia Securities Exchange (ESX) as a legal entity. However, Ethiopia's foray into capital markets comes amidst a broader trend of declining initial public offerings (IPOs) across Africa, raising questions about the appeal of going public. Taye underscored the importance of fostering a conducive regulatory environment and highlighting the advantages of capital markets as a financing avenue.

Source: Ethiopian News March 12, 2024 16:55 UTC