A partnership that promotes cross-border investments, knowledge exchange, and capacity building was formed between the securities exchanges of Ethiopia and Kenya last week. Ethiopian Securities Exchange (ESX), Nairobi Securities Exchange (NSE) and iCapital Africa Institute join forces to avail training programs for market participants, establishment of a strong regulatory framework, and exploration of innovative financial products the institutions plan to meet the growing needs of investors. CEOs Tilahun Kassahun (PhD) of ESX, Frank Mwiti of NSE, and Gemechu Waktola of the Institute signed the memorandum of understanding at Hyatt Regency, Africa Avenue (Bole Road). A key part of the capital market space, ESX is on track to launch its real-time trading platform. According to Tilahun, the move will accelerate the growth of the capital market in the region through innovation and technology transfer.
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