Dr. Eleni Gabre-Madhin Advocates for Ethiopia’s First Stock Market
Renowned economist Dr. Eleni Gabre-Madhin, former CEO of the Ethiopian Commodity Exchange (ECX), has reaffirmed the urgent need for a stock market in Ethiopia, emphasizing its crucial role in economic growth and financial stability.
Speaking on Ethiopia’s financial future, Dr. Eleni noted that trading shares on paper is outdated and insufficient for the country’s expanding economy.
She stressed that a well-regulated stock exchange would enable businesses to raise capital, enhance financial transparency, and attract both local and foreign investors.
“The question has never been ‘when’ to establish a stock market, but rather ‘how’ to do it effectively,” she stated.
She highlighted that a digital exchange would improve trading efficiency, security, and financial literacy, helping Ethiopia transition into a modern financial system.
Dr. Eleni also pointed out that companies must meet strict financial reporting standards before listing their shares, ensuring investor confidence and market stability.
Although Ethiopia has not yet formalized plans for a stock market, Dr. Eleni remains optimistic, asserting that strategic planning and execution are key to its success.
Her remarks reinforce growing calls for financial sector reforms, positioning Ethiopia on the path toward a more inclusive and dynamic economy.
Additional source: Abyssinia Business Network
