Addis Ababa, October 17, 2017 (FBC) — Deputy Prime Minister Temesgen Tiruneh hailed the launch of Ethiopia’s capital market as a significant advancement for establishing a modern stock market system that prioritizes public benefits.
The introduction of the capital market, essential for the economic growth of Ethiopia, has commenced with the sale of 10 percent of shares in Ethio Telecom.
In a statement on social media, the Deputy Prime Minister emphasized that this initiative not only boosts investment and savings in the country but is also crucial for the development of a more inclusive financial sector.
“Offering 10 percent of shares in a 130-year-old company to the public marks a significant achievement,” he stated.