ADDIS ABABA – The Ethiopian Securities Exchange (ESX) officially started a roadshow to raise capital on Tuesday. The ESX project team held a market-sounding and capital raise soft roadshow event in Addis Ababa, showcasing its business plan and financials to investors. “The roadshow marks a significant step towards the full operationalization of the ESX in the year 2016 (Ethiopian calendar),” said Brook Taye, Director General of the Ethiopian Capital Market Authority or ECMA. The ECMA, an entity mandated to regulate the securities market in Ethiopia, will next start issuing licenses to capital market services providers including investment advisors, market maker, and securities brokers and dealers, within a few months. The authority is also preparing additional directives that will breathe life into the securities market.

Source: Ethiopian News May 17, 2023 00:08 UTC