Ethiopia bars diaspora and foreign investors from first-ever IPO
- Ethiopia excludes diaspora and foreign nationals from Ethio Telecom IPO.
- The IPO aims to raise $255 million by selling 10% of Ethio Telecom.
- Ethiopian Securities Exchange (ESX) expected to start operations this month.
The exclusion of diaspora and foreign investors from the Ethio Telecom IPO raises concerns about Ethiopia's commitment to liberalizing its financial markets. This decision could deter potential foreign investment and slow down economic modernization efforts. A more inclusive approach might better serve the country's long-term development goals.
