The Ethiopian Securities Exchange (ESX) announced plans to register five major companies within the next six months. This follows the official launch of the ESX earlier this year by Prime Minister Abiy Ahmed.

IESX CEO Tilahun E. Kassahun confirmed that the exchange was fully operational, supported by the necessary infrastructure and legal frameworks. He noted that one bank had already entered the market, and the ESX was aligning with international stock market standards. Over the next five years, the exchange aims to incorporate up to 50 companies.

ESX is expected to drive economic growth and foster financial inclusion in Ethiopia. Tilahun highlighted growing interest from both local and foreign investors, particularly in interbank money market instruments and government bonds. Promotional efforts are targeting key markets like South Africa, London, Dubai, and New York, while partnerships with capital markets in Casablanca and Nairobi aim to enhance ESX's operations.

Source (including image): Fana BC