The Ethiopian Securities Exchange made a significant announcement today during a press conference held on its newly unveiled trading floor. The eagerly awaited reveal pertained to the official launch date of Ethiopia’s inaugural securities exchange. The establishment of the Ethiopian Securities Exchange (ESX) marks a significant milestone in Ethiopia’s economic development. By providing a platform for trading securities, the ESX will strengthen the country’s financial infrastructure, facilitate capital formation, and attract both domestic and international investment. This initiative has the potential to unlock new avenues for wealth creation and drive economic growth.

“We are thrilled to announce the official launch of Ethiopia’s first securities exchange, scheduled for the opening weeks of January 2025,” said Tilahun Esmael Kassahun (Ph.D.), CEO of the ESX. “This landmark event signifies a major step forward in Ethiopia’s financial development, offering new avenues for businesses by modernizing Ethiopia’s financial system and creating a vibrant capital market.”

The launch of the securities exchange is expected to create a more accessible investment environment, enabling businesses to raise capital effectively and allowing investors to diversify their portfolios with a broader range of investment options. This development aligns with Ethiopia’s broader vision of fostering a vibrant and resilient financial sector that drives sustainable economic growth.