Ethiopia: ECMA Issues Draft Rules for Investment Protection Fund Focused on Retail Investors

The Ethiopian Capital Markets Authority (ECMA) has released draft rules to establish an Investment Protection Fund aimed primarily at compensating small private investors in cases of broker related misconduct while excluding large corporations and institutional investors from coverage.
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The Commercial Bank of Ethiopia (CBE) on Tuesday launched CBE Connect, a new digital platform designed to combine multiple financial services in a single application and enable direct transfers from global banks to Ethiopian fintech wallets.






