Addis Ababa in Ethiopia; Credit: Angel/Adobe StockEthiopian Lawyers Turn to International Alliances as New Securities Exchange Launched
Prior to the Ethiopia Securities Exchange (ESX) launch, the country had liberalised some sectors including telecommunications and banking, and opened them up to foreign investors.
January 16, 2025 at 09:08 AM
4 minute read
For the first time in 50 years, Ethiopia is floating a securities market as part of efforts to build a private-led economy and attract more than $27 billion in investment.
The second-most populous African country’s attempt to establish a capital market was initially thwarted by the communist government in the 1970s but the current administration restarted the process through a proclamation in 2021.
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