A speaker presenting at the Ethiopian Securities Exchange event focused on market growth.
The Ethiopian Securities Exchange (ESX) will officially launch operations in October, according to CEO Tilahun Kassahun. As Africa’s second-most populous nation with around 126.5 million people, Ethiopia has sustained economic expansion over the past 15 years, with an average annual GDP growth rate approaching 10%. The initiative, which began last November, included roadshows in Addis Ababa, Nairobi, and London. The exchange has secured $26.6 million, far exceeding its initial target of $11.07 million. A total of 48 domestic and foreign institutional investors, spanning both financial and non-financial sectors, participated in this funding round.