Ethiopia, July 1 -- The African Development Bank Group has approved $400,000 in grant funding to deepen Ethiopia's capital markets.Under the Ethiopia Capital Market Development Support Project, the grant will advance infrastructure development at the Ethiopian Capital Market Authority (ECMA) and support the Ethiopian Securities Exchanges (ESX) to diversify product offerings and strengthen capacity. Established in June 2021, the ECMA is the regulator of Ethiopia's capital market industry; ESX is the country's securities exchange, offering shares and other market products to investors. The grant will be sourced from the Capital Markets Development Trust Fund (CMDTF), a multi-donor trust fund, managed by the African Development Bank.At the ECM...