ADDIS ABABA, July 7 (Xinhua) -- Ethiopia's first-ever securities exchange will be a "game-changer" for the country and the region, the United Nations Economic Commission for Africa (UNECA) said at a workshop that concluded Friday. Efforts are underway to develop Ethiopia's financial market as the East African country prepares to launch its first-ever securities exchange over the next two years. The project team of the Ethiopian Securities Exchange (ESX) launched the capital raises request in May, according to the official Ethiopian News Agency. Brook Taye, director-general of the Ethiopian Capital Market Authority (ECMA), said the ESX will serve as a "key part of a functioning Ethiopian capital market ecosystem." The capacity-building workshop addressed a wide range of topics, including the money market, fixed-income market, equity market, policymaking and market development.

Source: Ethiopian News July 07, 2023 17:49 UTC