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Published

Ethiopia banks on new stock market to lure investments, revive economy

Summary by Semafor
The NewsThe head of Ethiopia’s new stock exchange said the bourse plans to diversify its offerings to avoid the challenge of low trading volumes seen in other African countries as it vies to attract more private investment.Ethiopia this month launched its first securities exchange in five decades to revive an economy grappling with double-digit inflation, conflict, and growing external debt. So far only one company, Wegagen Bank, a mid-sized len…
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