Ethiopia launches stock exchange in fresh step to liberalise economy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 10 2025
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Source: Reuters
Launch of Ethiopian Securities Exchange: Ethiopia has launched its first securities exchange, the Ethiopian Securities Exchange (ESX), with Wegagen Bank as the initial listing, aiming to attract 90 companies over the next decade as part of Prime Minister Abiy Ahmed's economic liberalization efforts.
Challenges and Investor Sentiment: Despite the historic significance for local investors, concerns remain regarding foreign investment interest due to ongoing conflicts and doubts about the government's commitment to economic reforms, although Ethio Telecom is expected to be a key player in attracting investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
