Ethiopia Inaugurates First Securities Exchange in Over 50 Years to Spur Investment and Economic Growth

In a significant move aimed at boosting Ethiopia’s economic landscape, the country has launched its first securities exchange in over 50 years. This development comes as Ethiopia seeks to transition towards a private-led economy, targeting more than $27 billion in investment. The establishment of the Ethiopia Securities Exchange (ESX) follows the liberalisation of key sectors, such as telecommunications and banking, which have been opened to foreign investors. Ethiopian legal professionals are increasingly forming international alliances to navigate the complexities associated with the new securities market. This exchange marks a pivotal step in modernizing Ethiopia’s financial infrastructure. For further details, you can read the full article here.