Ethiopian Securities Exchange (ESX) Closes Its Capital Raise Significantly Oversubscribed by Domestic and Foreign Investors Addis Ababa, July 6, 2023 – Efforts are underway to develop Ethiopia’s financial market as the government prepares to launch its first-ever securities exchange in 2024. In light of this, representatives from the public and

Ethiopia Begins Fundraising For First-Ever Securities Exchange Ethiopia began selling shares to raise funds required to set up its first-ever securities exchange as Prime Minister Abiy Ahmed pushes to modernize eastern Africa’s largest economy. The sale, which kicked off in the capital, Addis Ababa, on Tuesday aims to mobilize 75%