The Challenges and Opportunities for Implementation of the New Capital Market Proclamation in Ethiopia
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Date
2025-01-01
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Addis Ababa University
Abstract
The thesis examines the implementation of the Ethiopian capital market proclamation what it
brings about the challenges and opportunities through the legal and institutional framework in
Ethiopia. The study is based on the doctrinal approach by which used the primary and secondary
data .The research is aimed to answer the question of problem which identified as "to what
extent are the legal frameworks and enforcement mechanisms in Ethiopian capital market rules
and practices efficient in comparison to well-developed international standards?" to answer this
main question the following specific issues will be addressed: What are the core elements of
international normative standards on capital market regulation and the challenges of
implementing the framework at the domestic level? What are the key institutional building
blocks of the Capital Market in Ethiopia? What are the challenges in implementing the new
capital market Proclamation No. 1248/2021? The theses examines the Ethiopian legal and
institutional frame work weakness and strength from the imperial to the present situation. It also
analysis the capital market proclamation with regarding the key provisions in which the principal
institutions are identified with their power and responsibility. And also analysis the law how to
be implemented and protect the investors from unfair treatment, market manipulation, false
information, insider trading and so on. In comparison with the international capital market
principles, the capital market proclamation is evaluated. The paper also examines the
opportunities and challenges of the implementation of the capital market proclamations. Finally
the conclusions and the author recommendation are suggested based on the examination of the
study
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In comparison with the international capital market principles