Browsing by Author "Abebe, Alemneh"
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Item Is Ethiopia Ready to Institute a Stock Exchange Market? Assessment on Establishing Stock Exchange Market in Ethiopia(Addis Ababa University, 2015-01) Abebe, Alemneh; Yitayew, Abebe (PhD)Ethiopia has a growing economy which needs investment on a continuous basis for new ventures as well as for expansion and modernization of existing productive capacity. And, to sustain the annual GDP growth, the country needs new investments, in other words, it needs capital to invest. Capital markets provide one means to raise capital, as capital markets mobilize savings of investors. Therefore, capital markets are essential for the country’s overall economic growth. Despite this, the country does not have an established stock exchange market although the need for capital market development has been continually discussed by various groups/stakeholders and academics. This research project assesses Ethiopia's current condition with regard to establishing stock exchange market in terms of institutional, legal, regulatory, technical, economic, financial and other factors and found that the reluctance of the government, inadequate laws and regulations, insufficient technological infrastructure, and low level of public awareness and trust as important factors that need to be addressed to have an efficient stock exchange market in Ethiopia. Key Words: Stock Exchange Market, Ethiopia