Ethiopia: News Capital Market Authority Investigating Real Estate Pioneer Ermias Amelga for Alleged Unauthorized Securities Offerings

Ethiopia: News Capital Market Authority Investigating Real Estate Pioneer Ermias Amelga for Alleged Unauthorized Securities Offerings

Addis Abeba -- The Ethiopian Capital Market Authority (ECMA) has publicly confirmed that business mogul Ermias Amelga and Genesis Investment Services PLC are under official investigation for allegedly raising funds through unauthorized securities offerings. The regulatory body made the announcement in a detailed public notice issued on Wednesday.

Ethiopia Opens up Real Estate Sector to Private Investment  | THE TIMES OF AFRICA

Ethiopia has opened up opportunities for both private and public investment in its real estate sector as the country moves to tackle its housing deficit. The government acknowledges that it cannot address the country’s housing needs alone; therefore, it has initiated regulatory frameworks and macroeconomic reforms that allow joint ventures. Deputy Mayor Jantirar Abay recognized the efforts of Noah Real Estate in providing quality real estate in …

Real estate venture involved securities fraud: Tribunal

Panel rejects OSC's allegations on unregistered trading, other breaches The post Real estate venture involved securities fraud: Tribunal appeared first on Investment Executive.