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𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗘𝗦𝗚 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗶𝗻 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮: Ethiopia is undergoing major economic reforms, with 8.1% growth in 2023-24 and 𝟴.𝟰% 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝗳𝗼𝗿 𝟮𝟬𝟮𝟰-𝟮𝟱, driven by initiatives like the 𝗛𝗼𝗺𝗲𝗴𝗿𝗼𝘄𝗻 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗥𝗲𝗳𝗼𝗿𝗺 𝟮.𝟬. The launch of the 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗶𝗻 𝟮𝟬𝟮𝟱 marks a key step in financial liberalization, alongside banking sector opening to foreign investment. Efforts to modernize sectors like digital finance and electric mobility are underway, though challenges like regional security issues, infrastructure gaps, and debt restructuring persist. 𝗜𝗠𝗙-𝗯𝗮𝗰𝗸𝗲𝗱 reforms aim to strengthen stability and attract investment. ESG integration among Ethiopian companies presents both significant potential and a strong promise of driving stakeholder action, positioning businesses as key contributors to sustainable development and resilience. The 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗕𝗮𝗻𝗸𝗲𝗿𝘀 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗶𝗼𝗻 (𝗘𝗕𝗔), with support from the IFC - International Finance Corporation, has introduced Sustainability Guidelines for Banks, a major milestone in advancing ESG principles Ethiopia. Additionally, the 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 (𝗘𝗦𝗫) has an opportunity to champion sustainable investment and deeper ESG integration by joining the United Nations Sustainable Stock Exchanges Initiative (SSE) Initiative. 𝗗𝗲𝘀𝗮𝗹𝗲𝗴𝗻 𝗗𝗲𝗷𝗲𝗻 of Addis Ababa Chamber of Commerce and Sectoral Associations emphasizes ESG's importance in driving sustainable growth in Ethiopia, highlighting how membership organizations foster responsible business practices among companies. #ESGinEthiopia #Sustainablegrowth #EthiopiaTransformation Ndungu Njeru Enock Nyachae Klaus Lehn Christensen Helina Tilahun Bethlehem Hailu

Haile Mekonnen

ESG/Sustainability Professional | Regulatory Compliance | Risk Assessment |

2mo

Thank you . We can work together.

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