So far, ESX has one listing, by Wegagen Bank. The bourse is optimistic of at least 100 listings in the next 10 years. It will serve both as a channel for privatizing state-owned enterprises, starting …
Ethiopian officials announced Friday that Wegagen Bank, a private bank, was the first company to list on the exchange. Ethiopian Insurance Corporation, Ethiopian Shipping and Logistics Services …
Only one company was listed on the exchange on opening day—Wegagen Bank—but an official said they were aiming to eventually include 90 firms and four million investors, without setting a timeline. A …
One lender, Wegagen Bank, listed on the exchange on Friday The government didn’t disclose the fate of Ethio Telecom’s IPO Ethiopia opened its stock exchange — part of a plan to lure investors to an …
Shares in Wegagen Bank, a mid-sized lender, are the first and so far only to trade on the new exchange. The opening of Ethiopia’s financial industry to foreigners, who can now own up to 49% of …
Wegagen Bank, a private bank with more than $520 million in assets, is the first to list on the exchange but over 30 state-owned companies including Ethio Telecom are expected to join within months.
Banks, state-owned enterprises (SOEs) and other eligible firms are eligible to list. Wegagen Bank has become among the first to offer equity on ESX, sources told The Reporter. Ethio telecom’s 10 …
Ato Bewket Tafere, Board Chairperson of E-Birr Mobile Financial Services, also spoke at the launch, stressing the importance of collaboration with fintechs in modernizing Ethiopia’s banking sector. He …
Ethiopian Prime Minister Abiy Ahmed rang a Wall Street-style bell to officially launch the country’s first stock exchange in 50 years on …
ADDIS ABABA, Jan. 11 (Xinhua) — Ethiopian Prime Minister Abiy Ahmed on Friday officially launched the country’s first stock exchange in more than 50 years, describing it as a "historic milestone" for …
Ethiopian Prime Minister Abiy Ahmed on Friday officially launched the country s first stock exchange in more than 50 years, describing …
Ethiopia inaugurated its securities exchange on Friday, marking a significant step in Prime Minister Abiy Ahmed’s efforts to liberalize the nation’s heavily regulated economy and attract private …
Ethiopian Prime Minister Abiy Ahmed rang a Wall Street-style bell to officially launch the country’s first stock exchange in 50 years on Friday, part of efforts to liberalise the struggling economy.
Tadias Magazine Updated: January 10th, 2025 New York (TADIAS) — Ethiopia has made a historic stride in its economic evolution with the launch of the Ethiopian Securities Exchange (ESX). This new exchange marks a significant addition to the country’s financial infrastructure and underscores commitment to fostering a more open, diversified economy. With Wegagen Bank as […]
Ethiopia opened its stock exchange — part of a plan to lure investors to an economy recovering from a civil war — without any brokers and no initial public offering debuts.
