NEWS ALERT
Stock Exchange Receives License
Officials at the Ethiopian Capital Market Authority have granted the Ethiopian Securities Exchange (ESX) an operational license.
The Exchange is also licensed to operate as an Over the Counter (OTC) market, according to a statement released today.
The Exchange is expected to debut the coming weeks after raising more than 1.5 billion birr from 48 investors, including 16 of the country’s commercial banks and 12 insurers.
Three foreign investors – the Trade and Development Bank (TDB), FSD Africa, and the Nigeria Exchange Group (NGX) – have also acquired stakes in the upcoming capital market.
“ESX has deployed a cutting-edge electronic trading platform, a shared broker back office, and order management systems, ensuring secure, efficient, and accessible trading,” reads the statement.
Stock Exchange Receives License
Officials at the Ethiopian Capital Market Authority have granted the Ethiopian Securities Exchange (ESX) an operational license.
The Exchange is also licensed to operate as an Over the Counter (OTC) market, according to a statement released today.
The Exchange is expected to debut the coming weeks after raising more than 1.5 billion birr from 48 investors, including 16 of the country’s commercial banks and 12 insurers.
Three foreign investors – the Trade and Development Bank (TDB), FSD Africa, and the Nigeria Exchange Group (NGX) – have also acquired stakes in the upcoming capital market.
“ESX has deployed a cutting-edge electronic trading platform, a shared broker back office, and order management systems, ensuring secure, efficient, and accessible trading,” reads the statement.