The International Monetary Fund (IMF) on Friday appreciated the Ethiopian govt for macro economic reforms. The lending institution, in its executive board’s meeting, allowed disbursement of $340.7 million to Ethiopia while approving the first review of Ethiopia’s $3.4 billion lending program. “The implementation of the authorities’ economic program, including the transition to the new exchange…
Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) and the i-Capital Africa Institute. The MoU is aimed at promoting cross-border investments, knowledge exchange, and capacity building. The Nairobi Securities Exchange (NSE) is the third oldest securities exchange in Africa. Ethiopian securities exchange hopes to learn from the Nairobi…
Ethio Telecom on Wednesday released a document called “Ordinary Share Sale Prospectus” for those interested in buying its shares. You can download the document HERE. The state owned Ethiopian Telecommunication company has offered 100 million shares for sale to Ethiopian investors. With 300 fixed as price of one share, any Ethiopian citizen with Ethio Telecom…
Ethio Telecom on Wednesday offered its stocks for sale to individuals. Ethiopian citizens can buy Ethio Telecom shares on Telebirr mobile application. Institutions are now permitted to buy the stocks. Prime Minister of Ethiopia Abiy Ahmed and Ethio Telecom CEO Frehiwot Tamiru launched the partial privatization of the state owned telecommunication company at the Sheraton,…
Ethiopian Banks on Tuesday lowered selling price of US Dollar and other foreign currencies after the National Bank of Ethiopia (NBE) issued new guidelines about foreign exchange rates. The National Bank of Ethiopia last night reminded commercial banks that the difference between the buying and selling price of foreign currency cannot be more than 2%….
How to buy Ethio Telecom Shares on Telebirr? This questions is being asked by the Ethiopian investors who are showing interest in buying the shares of Ethiopia’s state owned telecommunication company. Following information will be helpful for those who are interested in buying and selling Ethio Telecom Stocks. Price of Ethio Telecom Shares – The…
Ethiopia’s state owned telecommunication company, Ethio Telecom, will sell its shares on Wednesday. The company will sell its shares on Telebirr. Ethio Telecom is one of profitable Ethiopian entities. Earlier this year, the Ethiopian Prime Minister Abiy Ahmed announced that Ethio Telecom will sell its shares on the Ethiopian Stock Exchange. The stock market is…
The Board of Directors of the National Bank of Ethiopia has issued a directive allowing banks to invest in the Ethiopian Stock Exchange (ESX). The banks can invest in and establish subsidiary capital market service providers, including investment banks. According to the directive, a bank may hold equity shares in a single Insurance company not…
The Ethiopian Stock Exchange (ESX) is about to be launched. A new directive has been issued to establish Ethiopia’s first licensed stock exchange. The directive was issued this week by The Ethiopian Capital Market Authority (ECMA). The ECMA was established in 2021, tasked with regulating the capital market through directives. The newly issued “Directive on…