ESX to Launch Officially in January

Addis Ababa December 13/2024 (ENA)— The Ethiopian Securities Exchange (ESX) is set to officially launch next month, stimulated by macroeconomic reforms that have created a conducive environment for treasury bond sales.

Tilahun Esmael, CEO of ESX, emphasized the ESX will play a crucial role in meeting Ethiopia's growing economic and financial demands by offering a vital alternative financing avenue.

In a media briefing, Tilahun announced that substantial preparations have been undertaken over the past year to establish the institution, completing organizational structure of human resources and technology acquisition to lead the stock market.

The preparations of manuals for operations ESX and public promotion works have been carried, the CEO said.

The macroeconomic reforms created conducive situation for the government to sale treasury bonds, he said, pointing out that the commencement of ESX will enable citizen to purchase treasury bonds easily and become more profitable.

The launch of ESX will give a new impetus for efforts being made by the government and the private sector for mobilizing investment capital, the CEO added.

He also mentioned that when Ethio-telecom completes the sale of shares, many citizens are expected to participate in the stock market.

For companies issuing shares in the stock market, procedures are in place to regularly review and disclose them based on their accounting status, the CEO  stressed.