Ethiopia Set to Launch First Stock Exchange in Over 40 Years

• Ethiopian Securities Exchange (ESX) set to debut in mid-November, marking a major milestone in the country’s economic liberalisation
• ESX expected to attract local and foreign investors, with over 50 companies anticipated to list

Addis Ababa, Ethiopia – Ethiopia is poised for a major milestone in its economic transformation with the upcoming launch of the Ethiopian Securities Exchange (ESX) in mid-November 2024. This will be the country’s first stock exchange since the socialist revolution of 1974. Under Prime Minister Abiy Ahmed, who has championed economic liberalisation since 2018, the ESX is designed to foster a vibrant capital market and attract both local and foreign investors to participate in Ethiopia’s economic growth.