Ethiopia launches stock exchange in fresh step to liberalise economy.
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GUEST – Siya Biniza – Executive Director - Political Economy Southern Africa
Ethiopia launched a securities exchange on Friday, in what officials touted as a milestone in Prime Minister Abiy Ahmed's drive to open up the country's tightly controlled economy to private investment.
Just one company, Wegagen Bank, was initially listed on the Ethiopian Security Exchange (ESX), although ESX chief executive Tilahun Kassahun said he expected 90 companies to eventually join over the next 10 years
Ethiopia launched a securities exchange on Friday, in what officials touted as a milestone in Prime Minister Abiy Ahmed's drive to open up the country's tightly controlled economy to private investment.
Just one company, Wegagen Bank, was initially listed on the Ethiopian Security Exchange (ESX), although ESX chief executive Tilahun Kassahun said he expected 90 companies to eventually join over the next 10 years
