Nairobi, March 10 -- For decades, Ethiopia has been the only major economy in Africa without a securities exchange, but this is set to change as the $156 billion economy gears up to launch securities exchange in the third quarter of 2024. Ethiopia Capital Markets Authority Director-General Dr Brook Taye spoke with Julians Amboko about opportunities in the budding capital markets.

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If you look at many jurisdictions, the way capital markets develop is that we have the market growing first and then the regulator develops next to address the emerging legal and regulatory issues. In Ethiopia's case, the regulator has had a significant head start. Sceptics argue that this creates room for potential regulatory overreach.

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