The Ethiopian Securities Exchange (ESX), licensed by the Ethiopian Capital Market Authority (ECMA), will commence trading today, 10 January 2025. This marks Ethiopia's return to having a stock exchange after over five decades.
The launch includes an initial public offering (IPO) for Ethio Telecom, aiming to raise 30 billion birr ($234 million). The ESX plans to list up to 50 companies within five years, providing new investment opportunities and diversifying capital flows beyond the banking sector.
Despite challenges like regional instability and limited brokerage infrastructure, recent economic reforms and a 2022 peace accord have set the stage for the ESX to attract investors, boost economic growth, and reshape Ethiopia's financial landscape.
Source: linkUpbusiness
@Ethiopianbusinessdaily
The launch includes an initial public offering (IPO) for Ethio Telecom, aiming to raise 30 billion birr ($234 million). The ESX plans to list up to 50 companies within five years, providing new investment opportunities and diversifying capital flows beyond the banking sector.
Despite challenges like regional instability and limited brokerage infrastructure, recent economic reforms and a 2022 peace accord have set the stage for the ESX to attract investors, boost economic growth, and reshape Ethiopia's financial landscape.
Source: linkUpbusiness
@Ethiopianbusinessdaily