Ethiopia’s abundance of small and medium-sized businesses mean the country’s stock market planned for 2024 won’t be a backwater where just a few large stocks are traded, a foreign adviser says. The country is likely to be able to open its first stock market since 1974 as planned in the first half of next year, says Sandy Wade, Africa Advisory’s associate director for the Horn of Africa. “The only thing that would cause a significant delay would be a government decision,” he says.
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