The Dangote Petroleum Refinery IPO investor engagement was held today in Addis Ababa, bringing together government representatives, transaction advisers, and qualified investors to discuss the offering. The Ethiopian Capital Market Authority (ECMA), as the capital market regulator, was present at the event, where discussions focused on the offering and the requirements for eligible Ethiopian investors […]
Capital markets development is a key component of the Government of Ethiopia’s
(GoE) Home-Grown Economic Reform Program and the 10-Year Development Plan
(2021- 2031). In line with this commitment, the Capital Markets Proclamation (No.
1248/2021) was adopted by the House of Peoples’ Representatives in June 2021, which
included the establishment of the Ethiopian Capital Market Authority (ECMA).
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