In an exclusive interview with the Ethiopian News Agency (ENA), the CEO of the Ethiopian Securities Exchange (ESX), Tilahun E. Kassahun, confirmed that the exchange has become fully operational, supported by the necessary infrastructure and legal framework.
According to Tilahun, ESX is already aligning with international stock market standards and listing requirements in its early stage of operation. He revealed that one bank has already entered the market, with plans to list at least five more companies within the next six months. Over the next five years, ESX aims to incorporate up to 50 companies, further expanding Ethiopia’s capital market.
Tilahun emphasized that ESX is set to unlock new opportunities for businesses and investors, driving economic growth and promoting financial inclusion across the country. Both local and international investors have expressed strong interest, particularly in financial instruments such as interbank money market products and government bonds.
To attract foreign investors, promotional efforts are being directed toward markets with strong pension systems and high savings rates. Key target locations include South Africa, London, Dubai, and New York. Additionally, ESX is leveraging multiple platforms to promote its range of financial products.
The CEO also highlighted ESX’s strategic partnerships with established capital markets in Casablanca, Nairobi, and other African and East African Capital Market Associations. These collaborations are expected to enhance ESX’s operational efficiency and strengthen Ethiopia’s position in regional and global financial markets.
Source: ENA
