Prime Minister Abiy Ahmed (PhD) today officially launched the Ethiopian Securities Exchange (ESX), marking the establishment of the country’s first stock exchange. Ethiopia now joins other African nations in introducing a formal capital market to its financial landscape.
During the launch ceremony, the Prime Minister rang the bell to announce the opening of the exchange, describing it as a historic milestone. “We have officially rung the bell to launch the Ethiopian Securities Exchange — the first stock exchange for our country. Invest in Ethiopia — a fast-growing economy with immense potential and a dynamic trajectory toward prosperity,” he said in a statement shared via his social media channels.
According to a report by the Ethiopian News Agency (ENA), the ESX is expected to play a key role in creating job opportunities, implementing large-scale projects, expanding agricultural activities, and accelerating overall economic growth.
The exchange has already attracted major state-owned enterprises, from Ethiopian Investment Holding which collectively hold a 25% stake.
Additionally, more than 50 companies are projected to be listed on the ESX within the next five years, making it a pivotal platform for facilitating access to capital and supporting Ethiopia’s economic development.
