Ethiopian Legal Brief

The House Approved Capital Markets Establishment Draft Proclamation – House of Peoples Representatives

Source: The House Approved Capital Markets Establishment Draft Proclamation – House of Peoples Representatives

The House of Peoples’ Representatives, in its 14th regular session held in its 6th year, reviewed and approved the draft capital market establishment proclamation unanimously.

Chairperson of the Revenue, Budget and Finance Affairs Standing Committee Chairperson, Honorable Yayesh Tesfahuney, said the draft proclamation is important for the country’s economic growth and prosperity.

She said the capital market is the only source of financing for the public and private sectors when banks are in trouble and it has been instrumental in connecting untapped investors to the desired investment opportunities and making the ten-year development plan a success.

The House unanimously approved the draft proclamation as Proclamation No. 1248/2021

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