Ethiopia launched the Ethiopian Securities Exchange (ESX) in January 2025 with Wegagen Bank as its first listing, targeting 90 listings within a decade.
Africa · Eastern
Key Facts
—Launch. The Ethiopian Securities Exchange (ESX) formally began trading on 10 January 2025, the country’s first stock market in over 50 years.
—First listing. Wegagen Bank became the inaugural listed company, with a government target of up to 90 listings within a decade.
—Ownership. The exchange is a public-private partnership, with sovereign wealth fund Ethiopia Investment Holdings holding 25 percent and private investors 75 percent.
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