SAT JAN 11 2025-theGBJournal|Ethiopian Prime Minister, Abiy Ahmed on Friday, launched the Ethiopian Securities Exchange (ESX), described as a major step toward modernizing the country’s financial sector.
The new exchange becomes the youngest exchange in the Africa, and has already been welcomed into the fold of the African Securities Exchanges Association (ASEA).
ASEA management and Board has equally promised close collaboration with their regional and Africa counterparts.
The new ESX will operate across three market segments: Equity Market, Fixed Income Market, and Money Market, offering diverse financial products to businesses, government, and institutions.
Its pilot money market platform has already transacted over 100 billion ETB (over $700 million), demonstrating its potential to strengthen Ethiopia’s financial system and mobilize capital for sustainable economic development.
The ESX management say the exchange will create a transparent marketplace for securities trading, enhancing access to long-term financing and driving investment-led growth under the Home-Grown Economic Reform II (HGER II).
It aims to improve savings mobilization, corporate governance, and investor protection while fostering financial inclusion for both public and private sectors.
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