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As capital markets open and regulatory demands intensify, will Ethiopian banks evolve into integrated financial institutions or sharpen their edge in a specific niche? African peers offer insight. Ethiopia’s banks are at a strategic crossroads. Beyond the opportunities and threats presented by Basel II/III (sector-specific quantitative risk measurement & regulation)…

Ethiopia is on the cusp of a financial transformation. As the country inaugurates its first securities exchange and accelerates digital financial service adoption, a rare opportunity emerges: to fuse these two forces into a powerful engine for financial inclusion. If executed well, this convergence could democratize access to capital markets…

January 2025 marked a key milestone in Ethiopia’s capital market development, as the Ethiopian Securities Exchange (ESX) officially launched, in the presence of the highest official in the nation. Banks had emerged as early investors when the Exchange raised capital, signaling initial optimism. Fast forward now, when it is time…

Ι. Customer dynamics Ethio Telcom’s IPO has drawn much of the publicity in the mainstream media. Our focus here is on the valuation at the IPO which is set at  ETB 300Bn (USD2.5Bn). Ethio Telecom’s valuation multiples indicate a higher premium compared to its counterparts, despite the macroeconomic uncertainty and…

Understanding the listing requirements and the marketplaces in which a company wishes to be listed is an important aspect of a company’s decision to go public. In the UK exchanges, for example, a company (UK origin or international) needs to select between the London Stock Market (main market) and Alternative…

As Ethiopia is gearing up to open its capital market, the Capital Market Authority and Securities Exchange are going full steam with the fund-raising road show for the latter with a target opening of 2024. As ambitious as it is, it’s happening. To add fuel to the momentum, the School…

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