Addis Ababa, May 18, 2022 – Ethiopia’s Ministry of Finance, the Ethiopian Investment Holdings and FSD Africa have today signed a cooperation agreement to establish the Ethiopian Securities Exchange (ESX). The exchange is designed to provide a fundraising platform for small and medium-size enterprises, which are the backbone of the Ethiopian economy. An efficient securities exchange will also support the Ethiopian government’s stated policy of privatisation by democratising corporate ownership and giving Ethiopian citizens the opportunity to have a direct stake in their country’s economic prospects. Mamo Mihretu, CEO – Ethiopian Investment Holdings“The Ethiopian Securities Exchange will provide issuers and investors unique and unseen access to capital markets, promoting efficient capital allocation and utilization. Our assistance for establishing the Ethiopian Securities Exchange will leverage FSD Africa’s vast expertise and experience in developing capital markets infrastructure across Africa.

Source: Ethiopian News May 18, 2022 10:14 UTC