– Ethiopian Securities Exchange (ESX) officially launches today
ADDIS ABABA – The launch of the Ethiopian Securities Exchange (ESX) today marks a crucial milestone for the country’s financial sector, accelerating its development and contributing to a more resilient economy, according to the Ethiopian Capital Market Authority (ECMA).
In a recent interview on “Ethiopia in Focus,” Billene Seyoum, Press Secretary for the Prime Minister’s Office, spoke with Hana Tehelku, Director-General of the ECMA. Hana emphasized that the capital market aligns with the government’s vision of private sector-led economic development and a sustainable economy.
Technological advancements play a vital role in fostering a functional and vibrant capital market. The ECMA has been actively working to establish a robust regulatory framework and enhance its capacity to create an enabling environment for the capital market.
Over the past years, the Authority has engaged extensively with potential issuers, capital market service providers, and investors, both locally and internationally.
“As a regulator, the ECMA has undertaken comprehensive market development activities,” the Director-General added.
Ethiopia’s position as the third-largest economy in Sub-Saharan Africa, driven by economic reforms, strategic investments, and a vibrant private sector, underscores its potential for growth. The establishment of the ESX signifies the government’s commitment to nurturing a competitive capital market ecosystem.
The launch of the ESX has garnered significant international attention, with major media outlets like Bloomberg and the Financial Times reporting on this breakthrough and its implications for investors across the globe.
Established a year ago, the ESX operates under Capital Market Proclamation No. 1248/2021, facilitating collaboration between joint-stock companies and the private sector.
BY ASHENAFI ANIMUT
THE ETHIOPIAN HERALD FRIDAY 10 JANUARY 2025
