Ethiopian Securities Exchange (ESX) is attracting both domestic and foreign investors in line with its capital-raising objectives. Siinqee Bank recently became the second equity acquirer after Zemen Bank, with other investors also showing interest.
Ethiopian National Bank’s Senior Macroeconomic Advisor Melesse Minale stated that foreign companies which were aware of Ethiopia’s decision to launch a securities exchange under the Capital Market Proclamation were expressing interest to establish their presence in the market.
Melesse Minale disclosed that three well known global companies were desirous to participate in Ethiopian Securities Exchange and added that technical discussions were underway.
The Ethiopian Securities Exchange has started its Capital Roadshow aiming to attract actors in the financial sector into buying shares and becoming stakeholders of ESX. It also announced that it would commence issuing licenses to capital brokers, dealers, and advisors in September this year.
Ethiopian Stock Exchange (ESX) has officially commenced trading. The launch event, held today, was attended by senior government officials, bank presidents, and development partners.
Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) and iCapital Africa Institute, aiming to accelerate the growth and integration of capital markets in Ethiopia and Kenya.
