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Capital Market Deepens as ESX Onboards Investment Banks


Capital Market Deepens as ESX Onboards Investment Banks

The Ethiopian Securities Exchange (ESX) has admitted First Addis Investment Bank and Siinqee Investment Bank as trading members after both secured licenses from the Ethiopian Capital Market Authority (ECMA) and met operational requirements, the exchange announced on May 8 in Addis Abeba. The move allows the two banks to execute trades and act as intermediaries between investors and companies seeking capital, bringing total ESX trading members to seven. ESX CEO Tilahun Esmael said the development reflects steady progress in Ethiopia’s capital market ecosystem and expands access for both domestic and foreign investors. He added that the exchange is also strengthening operational systems, including broker back-office and order management infrastructure to support trading.

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Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...