– Concerned bodies hold stock market symposium
BY MULATU BELACHEW
ADDIS ABABA—Ethiopian Marketing Professionals Association said that as Ethiopia is poised to introduce its first stock market, the effectiveness of the scheme requires the relevant support from all actors.
Association President Mulgeta Gebrmedhin(PhD) told The that the School of Commerce, Addis Ababa University and 13 professional Associations have hosted the first “stock market” series symposium as of yesterday for two days.
He also said that the symposium has been undertaken under theme: “Emerging Stock Market in Ethiopia: Sensitizing the Actors towards a collaborative approach and a flourishing future.”
Making stock market competitive and effective at national, regional and international level requires time, awareness raising activities, availability of infrastructure, and government goodwill and support. To make this happen, government, academic institutions, financial sectors, and other relevant actors should contribute their relevant shares to the effort exerted towards fostering the stock market.
“The major thematic areas incorporated in the symposium include awareness raising about fundamental aspects, regulatory framework and the importance of introducing alliance among like-minded professionals with a view to beefing up their meaningful contribution to the area,” he stated.
According to the president, school of commerce and its partner professional associations anticipate seeing a regular interaction among all actors as Ethiopia is poised to introduce its first stock market. Such interactions are expected to contribute greatly towards sensitizing the financial sector, the user group and the regulatory body to a great extent as well as forging a smooth and functional collaboration among various professional associations, he highlighted. Lessons and experiences that will be gained from the symposium are going to be great inputs for policy makers and industry players he said.
The event is expected to be attended by close to 400 participants comprising the private sector/entrepreneurs, potential security market traders, bank and insurance professional, marketing professionals, researchers, consultants and members of professionals associations, representatives from relevant public enterprises, NGOs and multi-national companies (MNCs).
The January 15/2022