Africa is receiving a new exchange amid Ethiopia's effort to attract investors

Ethiopia intends to open a market for securities after a five -year break, in the latest step to attract investors in a country fighting to control regional conflicts while recovering from a civil war. Ethiopia Investment Holdings, which controls 40 companies in state enterprises, sells shares at Ethio Telecom to collect 30 billion billion ($ 234 million) in a preliminary public offering. The company will be of public subscription, together with the government’s plan to include other businesses, according to Ethiopian Stock Exchange CEO Telehon Casheon, who will open its doors on Friday. Unemployment is transformed economically by James Johnston, the head of emerging markets in Redewheel, which amounts to $ 8 billion. For this we are very enthusiastic about the available opportunities. For investors to transfer money to their original countries, without complications. The economy in the African section of “Oxford Economics”. Investors will notice agreements with Nigeria, which until recently made the converting of dollars abroad difficult to retain its reserves. Sell ​​it according to Telehon. Ethiopia had a 14 -year -old security market until 1974, when army emperor Haila Silasi overthrew and canceled shares. Telehon said the new stock exchange aims to include 50 companies over the next five years. Some of them will join the stock exchange by direct listing without issuing new shares for investors, although the specified number is not yet clear. Investors have attracted Ethiopia, efforts have begun to attract investors after the government of Ahmed and opposition fighters of Tigray signed the 2022 agreement to end the two -year conflict. Nevertheless, Abi Ahmed has trouble contains ethnic tension in the regions of Urumia and Amha in Ethiopia, where government forces repeatedly clash with the militia. “The armed activities are still running in different parts of the country, and it is difficult to know how the current government will be able to focus on political power and effective rule,” says Mark Bouhlond, chief credit research analyst at RDD Intelligence. “This situation is likely to be a major concern for foreign investors.” Since the signing of the ceasefire, Ethiopia has allowed foreign banks in the country to work in the country and has agreed to foreign investment in the fields of coffee and oilseeds, in addition to transport, logistics and retail sectors. However, investors will face additional challenges, such as the lack of financial brokers or conservative secretaries. It is expected that the country’s progress will also affect the restructuring of international bonds of one billion dollars, as well as the confidence of investors during their evaluation of new opportunities in Ethiopia. Tillahon said: “The most important obstacle was the control of the foreign exchange and the total economic situation in the country, and now that we were able to address these issues, the remaining tasks must be relatively easier and successfully achieved.”