Laws & Regulation

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        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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