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· Ethiopia’s Parliament, the House of People’s Representatives, in a significant development unanimously approved the Proclamation for the Establishment of a Capital Market
· This provides for a legal ground to proceed for establishment of a capital market in Ethiopia, which will offer the public an alternative saving mechanism
Ethiopia’s Parliament, the House of People’s Representatives, in a significant development unanimously approved the Proclamation for the Establishment of a Capital Market. This provides for a legal ground to proceed for establishment of a capital market in Ethiopia, which will offer the public an alternative saving mechanism.
The capital market also will help in supporting large government and private investments, as well as help reduce dependency on foreign aid. It will also lend a critical hand in implementing the ten-year perspective plan.
The House has also approved two additional proclamations: One is approving Proclamation for Licensing and Administration of Legal Services, which is expected to help citizens obtain proper legal advice; and two the Proclamation for Federal Subsidy Budget and Distribution of Joint Revenues.
