Oct 3 , 2023
In a seminal move poised to shift the terrain of Ethiopia's economic landscape, the Ethiopian Securities Exchange (ESX) has unveiled its inaugural board of directors, with capital raising process set to finalise within the ensuing three months.
At the helm, former Zemen Bank VP, Hilaway Tadesse, will steer the institution as a chairman, joined by an assemblage of eminent professionals, including Eleni Gebremedhin (PhD), the progenitor of the Ethiopian Commodity Exchange (ECX), and Fikadu Petros, a distinguished legal expert. The announcement made by executives of Ethiopian Investment Holdings marks a step towards the inception of the ESX.
Four state-owned enterprises – Ethio telecom, Ethiopian Shipping & Logistics (ESL), Ethiopian Insurance Corporation (EIC), and Birhana Selam Printing Enterprise (ESPE) – have been slated as founding members of the ESX, which is to permit a generous 75pc ownership stake to the private sector, a manoeuvre seen as the federal government's commitment to forging robust private sector alliances.
The unveiling of the ESX Board, and the confluence of state enterprises and the substantive inclusion of private sector ownership, is expected to establish a paradigm in the investment arena, heralding opportunities in its nascent journey for mobilising capital.
Editors' Note: This article has been updated from its original form on October 5, 2023.
Radar | Nov 27,2023
Sunday with Eden | Jul 17,2022
Viewpoints | Apr 22,2023
Viewpoints | Apr 22,2023
View From Arada | Jul 06,2019
Radar | Jul 29,2023
Life Matters | Jul 17,2022
Radar | May 27,2023
Election 2021 coverage | Mar 14,2020
My Opinion | Oct 02,2021
Photo Gallery | 82882 Views | May 06,2019
Photo Gallery | 75034 Views | Apr 26,2019
Fineline | 58615 Views | Oct 03,2020
Fortune News | 58399 Views | Jul 18,2020
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...
When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...
Dec 2 , 2023
The symphony of traffic noise in Addis Abeba is not just a sign of life, but a siren...
Nov 25 , 2023
Ethiopia's quest to develop a functioning capital market is a demanding yet not unach...
Nov 18 , 2023
Prime Minister Abiy Ahmed (PhD) has made a fervent call for landlocked Ethiopia to ga...
Nov 11 , 2023
In November last year, a ray of hope pierced the gloomy skies of Ethiopia as the Pret...
I have a love-hate relationship with my phone. It is my go to source for information. I enjoy interacting with text messages and browsing t...
Over the weekend, I attended a wedding where my husband was one of the protocols. Despite the typical joy...
Or see contact page