Ethiopia Excludes Diaspora and Foreign Investors from Landmark IPO
- Ethiopia's first-ever public offering (IPO) of Ethio Telecom excludes diaspora and foreign nationals.
- The government aims to generate $255 million by selling a 10% stake in Ethio Telecom.
- Ethiopian Securities Exchange (ESX) is set to commence operations this month.
The exclusion of diaspora and foreign investors from the IPO raises concerns about Ethiopia's commitment to liberalizing its financial sector. This decision may limit the potential for foreign investment and hinder the development of a competitive capital market, which is crucial for economic growth. A more inclusive approach could enhance investor confidence and support the government's modernization efforts.
