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The concept of a securities exchange in Ethiopia is not entirely new. In 1960, Ethiopia initiated its journey into share trading by establishing an institutional framework and inaugurating a share exchange department within the State Bank of Ethiopia. As the share market grew, the Share Trading Group was formed in 1965. This group consisted of ...
The Egyptian Exchange (EGX), founded in 1883, is the oldest stock exchange in Africa. One of the oldest bourses (exchanges) on the continent is the Casablanca Stock Exchange of Morocco , founded in 1929 and the JSE Limited in 1887 and Nairobi Securities Exchange in Kenya founded in1954.
The National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]
In 2018, Ethiopia signed an agreement with Djibouti to access the port. Ethiopia announced its intention to hold a stake in the Port of Djibouti, a gateway for trade, in May 2018. Djibouti had been seeking foreign investors due to the termination of Dubai's state-owned DP World concession and failure to have a contract for six years. [64]
Shortly before his assumption of office it was announced that the Ethiopian government would take a 19% stake in Berbera Port in the Somaliland region located in northern Somalia as part of a joint venture with DP World. [116] In May 2018, Ethiopia signed an agreement with the government of Djibouti to take an equity stake in the Port of ...
DP World holds a 51% stake in the project, Somaliland 30% and Ethiopia the remaining 19%. As part of the agreement, the government of Ethiopia will invest in infrastructure to develop the Berbera Corridor as a trade gateway for the inland country, which is one of the fastest-growing countries in the world.
One is the National Securities Depository Limited (NSDL) and the other is the Central Depository Service (India) Limited (CDSL). Every Depository Participant (DP) needs to be registered under this Depository before it begins its operation or trade in the market.
The Dubai Ports World controversy began in February 2006 and rose to prominence as a national security debate in the United States.At issue was the sale of port management businesses in six major U.S. seaports to a company based in the United Arab Emirates (UAE), and whether such a sale would compromise port security.