Capital Market

Global and Domestic Investors Expressed Confidence in Ethiopia's New Securities Exchange with $26.6 million Investment.

Africa Finance Review

Apr 9, 2024 — 1 min read

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Global and domestic investors in Ethiopia are expressing confidence in the country's new securities exchange in its new fundraising, which has already exceeded expectations.

Why is this important: The exchange will provide investors and companies with the much-needed critical financial infrastructure and platform to trade securities, enabling them to reap the benefits of a growing economy. The exchange, backed by its $38 billion sovereign wealth fund, is expected to list over 50 companies and has already garnered significant investment interest from local and foreign investors. With investments worth $26.6 million and growing, it is clear that the ESX holds great potential for those looking to invest in the region.

The bottom line: The Nigerian Exchange Group has already invested in the ESX, recognising its regional strategic value. The future of Ethiopia's financial market looks promising, with the ESX at the forefront, driving growth and prosperity for all.

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