In a press statement that was issued via Twitter, EIH explained that the new stock exchange would play a pivotal role in facilitating investments in the country. It would also avail Ethiopian companies and entrepreneurs access to long-term financing options for their businesses. Upon launch, nothing less than 50 Ethiopian companies are expected to list their shares on the bourse. The establishment of the Ethiopian Securities Exchange will bring the total number of bourses to 30. And FSD Africa will take care of the technical support, legal services and the costs associated with getting the exchange started.

Source: Ethiopian News May 20, 2022 00:56 UTC