Op-Ed : The launch of Ethiopia’s first interbank market trading platform on ESX marks a historic milestone The launch of Ethiopia’s first interbank market trading platform on the Ethiopian Securities Exchange (ESX) marks a historic achievement as it becomes one of the few African exchanges to introduce interbank trading, setting

Op-Ed: Ethio telecom’s IPO Heralds a New Era in Ethiopia’s Capital Market Ethiopia is on the brink of a financial revolution, with Ethio telecom, one of the country’s most profitable enterprises, set to launch its Initial Public Offering (IPO). It is a landmark moment in Ethiopia’s capital market history, offering

Ethiopian Securities Exchange (ESX) Closes Its Capital Raise Significantly Oversubscribed by Domestic and Foreign Investors The Ethiopian Securities Exchange (ESX) announced today the successful closing of its capital-raising exercise, surpassing by more than two-fold the amount of funds it sought to start its operations. Initiated in November 2023, with intensive

Lion Insurance to Invest in the Ethiopian Securities Exchange Lion Insurance Company, has announced its commitment to invest in the Ethiopian Securities Exchange (ESX) Lion Insurance’s equity investment will amount to 10 million birr. This investment is part of the initial founding member’s investments provided to ESX, as outlined in

Nyala Insurance to Purchase 20 million shares Nyala Insurance S.C (NISCO), a prominent insurance company in Ethiopia, has signed a memorandum of understanding (MoU) with the Ethiopian Securities Exchange (ESX) to purchase 20 million Birr worth of shares. NISCO’s equity investment in the Ethiopian Securities Exchange shows its dedication to

Ethiopian Bank Zemen Buys Stake In Nascent Securities Exchange Zemen Bank S.C. will take a 5% shareholding in the Ethiopia Securities Exchange, becoming the first closely held company to own a stake in the bourse expected to start by the third quarter. The government has offered local and foreign investors

PM’s Thoughts On ESX His Excellency Dr. Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia’s comments regarding the stock market. Read More

Ethiopia’s Maiden Stock Exchange Gets Founding CEO The recently formed board of directors of the Ethiopian Securities Exchange (ESX) has endorsed a key figure vital to kick off the Exchange as the founding chief executive officer (CEO), The Reporter learned. The appointed CEO, Tilahun Esmael Kassahun (PhD), was one of

Our One Collective Goal Is Capital Formation The East Africa’s largest economy, Ethiopia, is just establishing its maiden stock exchange, the Ethiopian Securities Exchange (ESX). The latecomer in the mix of exchanges in Africa, ESX has been undertaking several preoperational tasks, among which includes raising capital. October has been one

National Bank Explores Treasury Bill Alternatives To Accommodate Islamic Banks The National Bank of Ethiopia is looking for alternatives to traditional treasury bills to accommodate financial institutions that only offer interest-free banking services in accordance with Islamic principles. Since last year, all banks have been required to allocate 20% of

ESX Held Its 3rd Capital Raise Investor Roadshow In London – AfSIC LONDON, United Kingdom, 28 September 2022, /African Media Agency/- FSD Ethiopia is coordinating a delegation from Ethiopia to attend AFSIC 2023 and will be sponsoring the Ethiopian Investment Summit scheduled for Monday, 9th October 2023. FSD Ethiopia is

ESX Successfully Completed Its 2nd Roadshow And Market-Sounding Activities In Nairobi held several bilateral meetings with key capital market players participated in deal room sessions alongside Africa Climate Week- held a successful market-sounding session alongside ECMA.

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%