By Newsshelve Correspondent.
The Ethiopian Securities Exchange (ESX) officially opened its doors in Addis Ababa, marking a significant milestone in the country’s economic development.
The launch ceremony was attended by key stakeholders, including Temi Popoola, Group Managing Director/Chief Executive Officer of the Nigerian Exchange Group (NGX Group); Tilahun Kassahun, Chief Executive Officer of the ESX; and Pierre Celestin Rwabukumba, President of the Africa Securities Exchanges Association (ASEA).
The ESX is the result of a collaborative effort between the Ethiopian government, the Ethiopian Investment Holdings (EIH), and FSD Africa.
The exchange is expected to provide a platform for companies to raise capital, promote economic growth, and increase access to financial services.²
The ESX features a state-of-the-art electronic trading platform that supports the trading of various financial instruments, including equities, treasury bills, bonds, and derivatives.
The exchange has a modern central securities depository that enables efficient post-trade settlement and clearing.
The ESX also has an interbank trading platform that optimizes liquidity and improves credit flow in the banking system. Since its pilot launch in October 2024, the platform has facilitated trades exceeding ETB 135 billion (USD 1.1 billion).
The ESX is expected to promote economic growth by providing companies with access to capital and promoting investment.
The Exchange will create new job opportunities in the financial sector and beyond, increase access to financial services for individuals and businesses and promote financial inclusion.
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