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A Stock Exchange in Ethiopia

By Erin O'connor | Tue Jul 07 2020
During our June Impact Angel Network Members’ Call, members of the IAN and RENEW explored what happens when a country decides to open up a stock exchange. While Ethiopia is among the five largest economies in Sub-Saharan Africa and is the second-largest by population, it does not have a stock market. As you may have seen in the news recently, this is about to change as the Ethiopian Ministry of Finance has plans to open a stock exchange within the next year, though it will likely take more time to fully implement.

Given this exciting development, in the recording linked above, RENEW and members of the IAN discussed what this means for investors and what we should be doing now to prepare. We hope to work with our partners, including Global Affairs Canada, to begin educating SMEs on how exchanges work, as well as the benefits and drawbacks of becoming a publicly listed and traded company. Make sure to watch out for more information and webinars on this topic from RENEW in the future.
If you’d like to join our monthly Members’ Calls to be a part of these discussions, we invite you to apply to join the Impact Angel Network.
Photo by Ian Christmann:
Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential. Renew Capital manages investments made on behalf of the Renew Capital Angels, a global network of angel investors, foundations and family offices who seek financial returns and sustainable social impact. For the latest on investing in Africa, subscribe and follow us at our social links below.

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