Ethiopian premier launches country’s first-ever stock exchange

By Anadolu staff

JOHANNESBURG (AA) - Ethiopia’s Prime Minister Abiy Ahmed on Friday officially launched the country’s first stock exchange, the Ethiopian Securities Exchange (ESX), aimed to woo domestic and international investors.

On X, Abiy hailed the launch as a historic milestone for the economic and financial landscape of his country.

“We have officially rung the bell to launch the Ethiopian Securities Exchange – the first stock exchange for our country. Invest in Ethiopia – a fast-growing economy with immense potential and a dynamic trajectory toward prosperity,” he urged.

The new stock exchange is expected to play a critical role in the development of the Horn of African country’s capital market and economic growth.