Ethiopian Securities Exchange (ESX) is attracting both domestic and foreign investors in line with its capital-raising objectives. Siinqee Bank recently became the second equity acquirer after Zemen Bank, with other investors also showing interest. Key players such as Ethiopian Shipping and Logistics, Ethio Telecom, and others have committed as initial investors. More banks and private investors in Ethiopia are expected to follow suit in the coming months. Foreign and domestic investors can purchase 75% of the shares of ESX while the rest of the ownership goes to the Ethiopian Government through Ethiopian Investment Holdings.

Source: Ethiopian News February 22, 2024 12:43 UTC