Ethiopian Securities Exchange(ESX)

Wegagen Bank has become the first company to be listed on the Ethiopian Securities Exchange (ESX). The announcement was made during the official launch of the ESX, held at the Science Museum in Addis Ababa and attended by officials, including Prime Minister H.E. Abiy Ahmed (PhD).

The bank’s listing on the ESX enables it to raise capital through a modern share trading platform, providing shareholders with secure and transparent stock trading. Wegagen Bank has also prepared for its role in the capital market by adopting new strategies, working with international consultants, and conducting training programs for its staff, the bank stated on its LinkedIn page.

On 10 January 2025, Prime Minister Abiy Ahmed officially inaugurated the Ethiopian Securities Exchange, marking a historic milestone in the nation’s economic development.

As Ethiopia’s first stock market, the exchange provides a platform for trading securities and fostering capital market growth. Speaking at the event, the Prime Minister highlighted its role in driving economic transformation, attracting investments, and promoting sustainable development.

"This historic achievement offers immense potential for economic transformation. Ethiopia is on a dynamic path of growth, offering a promising future for investors," said Prime Minister Abiy.

The exchange is expected to expand financial opportunities and drive Ethiopia's long-term prosperity