Banks Bring Liquidity to Ethiopia’s Exchange Market, But a Fee War Is Already Testing the Market
Until April, Ethiopia’s securities market had moved at a cautious, almost hesitant pace, with only a handful of listings since the Ethiopian Securities Exchange began operations. That stillness broke when Awash Bank, the country’s largest private lender, stepped onto the main board with 37,896,928 shares, reshaping the scale of early market activity. The...