michaelwolde2

IPOs Listing Requirements – The View from Two Corners of the World

Insight / By

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 Investment Market (AIM)[1] to start the listing process. The main market is designed for companies with operating track records and larger funding aspirations. AIM, on the other hand, is built Read more […]

Flinstone – Last of the Stone-Age IPOs

Insight / By

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 of Commerce and the Chartered Institute for Securities and Investment (CISI) have also recently started training professionals, intending to increase the talent pool in the market. Amid all this, one of the real estate Read more […]

Ethiopia’s Fuel import to surpass USD5.6B

News Room / By

Fuel is one of the major products that Ethiopia imports and holds a significant portion of the entire import – It accounted for 13.58% of total imports in the 2020/21 budget year which is the largest share for a single product. The war in Ukraine has spiked fuel prices internationally. Currently prices are just over $100 a barrel. This increase is expected to push the import bill to unprecedented levels in the upcoming 2022/23 budget year. The Ethiopian Petroleum Supply Enterprise estimates the Read more […]

Council Approves 786.61 Billion Birr Draft Budget For 2015 Ethiopian Fiscal Year

News Room / By

The Council of Ministers today approved 786.61 billion Birr draft budget for the 2015 Ethiopian Fiscal year. The budget aims to achieve national goals, protect national security, assist displaced people and rehabilitate damaged infrastructure and services. The draft budget, which has been prepared based on the 2015-2019 EC mid-term macroeconomic and fiscal framework, gives focus on achieving sustainable socio-economic transformations and goals. Out of the total budget for the Read more […]

Ethiopian Coffee Export Performance and Global Trends

Insight / By

Export proceeds from coffee reached new heights as the country collected USD1.01B in the first ten months of the current 2021/22 FY. According to the Ethiopian Coffee and Tea Authority, proceeds increased due to the focus on specialty export and price increase internationally. The evidence internationally supports the claim from the Authority as the world’s largest producer – Brazil struggled with frost[1] resulting in unprecedented price increases globally. But the country has shown signs of recovery Read more […]

The Opportunities in the Transport Sector in Ethiopia

Insight / By

With a population of 110 million people, Ethiopia has one of the most underdeveloped transport and logistic sectors in the world, according to the World Bank’s 2016 Logistics Performance Index (LPI) which ranked the country 126 out of 160. The sector faces many challenges in Ethiopia, including a historically very limited private sector involvement (foreign and local) and a lack of integration between government entities, especially the Ministry of Revenue and Ethiopian Shipping and Logistics Read more […]

Bill to allow gradual opening of financial sector

News Room / By

The National Bank of Ethiopia is working to introduce a new policy that will allow foreign banks to operate in the country. The bill will open the sector on a JV basis initially. In this move, the government seems to be protecting local players who have raised concerns about the modalities and time of foreign bank entrance to the country. The central bank is revising the Banking Business Proclamation, as part of its legal framework amendment aimed at allowing foreign banks to operate in Ethiopia. Read more […]

The Ethiopian Diaspora has sent USD3.3B in Remittances in the last Nine Months

News Room / By

Ethiopian Diaspora has sent USD3.3B in Remittance in the last nine months of 2021/22 EFY. The figure doesn’t include remittance coming through informal channels. In terms of growing trade, tourism, and investment activities of the diaspora members have invested a registered capital of ETB97B. In addition, the diaspora has purchased and donated ETB122B bond for the Great Ethiopian Renaissance Dam, as well as ETB109M to the Defense Force and ETB32M to charitable causes. Read more […]