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Buy and hold, also called position trading, is an investment strategy whereby an investor buys financial assets or non-financial assets such as real estate, to hold them long term, with the goal of realizing price appreciation, despite volatility. [1] This approach implies confidence that the value of the investments will be higher in the future.
Location of Ethiopia. Ethiopia is a country located in the Horn of Africa. According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2]
Establishing a securities exchange in Ethiopia has been in planning for several years. The Ethiopian government has made efforts since 2019 for this vision. In 2023, the country announced the upcoming launch of its first-ever securities exchange. [4] On April 7, 2024, NGX Group confirmed an investment in the Ethiopia Securities Exchange.
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Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [78] Industry, mainly construction, and services accounted for most of the growth.
The company's share price fell from $3.22 to $1.15 last week after the Wall Street Journal reported it was preparing to file for bankruptcy protection, closing on $1.07 on Friday.
"The Early Development of Banking in Ethiopia". RISEC: International Review of Economics and Business. 50 (4): 521–543. See also a WP of the same author on this topic Origins and early development of banking in Ethiopia. [1] Mauri, Arnaldo (2009-09-30). "The Re-Establishment of the National Monetary and Banking System in Ethiopia, 1941-1963".