2merkato

The Ethiopian Capital Market Authority (ECMA) announced a directive that will establish Ethiopia's first licensed securities exchange.

Pan-African banking group Ecobank Transnational has opened its first branch in Ethiopia, Reuters reported.

The opening of the branch offices is said to help the bank establish its presence in the fast-growing East African economy and extending its African network to 35 countries.

The significant economic growth shown by Ethiopia over the last two years will help the Word Trade Organization membership process according to Pascal Lamy Director General of the WTO.

Population size is a WTO requirement which Ethiopia has been able to meet noted Lamy in a meeting held in Addis Ababa last week.

The WTO can offer support in addressing issues related to the quality of products and service said Mulu Solomon, President of the Ethiopian Chamber of Commerce and Sectoral Associations.

The Ministry of Foreign Affairs announced that Ethiopia and Djibouti are exerting efforts to further consolidate the existing bilateral relationship to economic integration. In a two days meeting which started on June 21 and which is held in Addis Ababa, the two countries tried to pinpoint and evaluate their achievements and failures in the process of creating economic integration. Reinforcing cross-border infrastructures, increases in the volume of trade, and consolidating the people to people relation are among other issues they picked up during the discussion.

Emmanuel Nnadozie, Executive Secretary to African Capacity Building Foundation (ACBF), remarked that Ethiopia has become “ideal for success” due to economic growth triggered by the right policies.