The Ethiopian Securities Exchange (ESX) has signed a landmark Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) and iCapital Africa Institute, marking a significant step towards advancing regional financial markets. This milestone agreement aims to strengthen financial markets in both Ethiopia and the broader East African region. Speaking at the signing ceremony, ESX
In a groundbreaking moment for Ethiopia’s economy, Ethio Telecom has launched its first Initial Public Offering (IPO), marking a significant step in the country’s journey towards a fully functioning capital market. The state-owned telecom giant is offering a 10% stake to retail investors, a move expected to reshape the investment landscape in Ethiopia. This IPO
Ethio Telecom, a government-owned entity, has been granted a broker license, allowing it to sell a 10 percent stake to local investors through its Telebirr application, as reported by a reporter newspaper. Starting Wednesday, October 16, 2024, 10 percent of Ethio Telecom’s total equity will be divided into shares for sale. These shares will be
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Next week, Ethio Telecom will make history as the first company to be listed on Ethiopia’s newly established stock exchange, with the government planning to sell a 10% stake in the state-owned telecom giant. The announcement was made by Brook Taye, CEO of Ethiopia Investment Holdings, in a statement to Reuters. This development marks a
“The Evolution of Share Trading in Ethiopia” on StockMarket.et outlines the history of the Ethiopian capital market. The text highlights the three major periods in its development: the nascent beginnings in 1957 with early investment, the establishment of the Share Dealing Group in the 1960s that facilitated trading, and the long hiatus following the nationalization
Bloomberg Media Initiative Africa (BMIA) has launched its Financial Journalism Training (FJT) program in Ethiopia, marking its expansion to the ninth African country. The program was inaugurated at a ceremony in Addis Ababa attended by government, academic, and industry leaders. Fifty-five delegates from media, financial organizations, and government agencies will participate in the first cohort,
Ethiopian Investment Holdings (EIH), Africa’s largest sovereign wealth fund, with over $150 billion in assets under management, represents Ethiopia’s long-term commercial and investment interests. Since joining its African peers in January 2022, EIH has been pivotal in driving the performance of public commercial assets through modern management practices, corporate governance standards, and innovative investment platforms.
The Dawn of Share Trading (1957-1960) Share trading in Ethiopia began in 1957, marking the start of a new era in the country’s financial landscape. By the early 1960s, the budding market had seen nearly 61 million Birr invested in shares, with a significant 41 million Birr flowing into foreign companies. This initial wave of
The Ethiopian Capital Market Authority (ECMA) has officially launched the nation’s first regulatory sandbox, designed to provide startups and established firms with a flexible legal framework to test innovative capital market products and services in a real-world environment. At an event hosted at the Sheraton Addis Hotel, newly appointed Director General Hanna Tehklu emphasized the
The National Bank of Ethiopia (NBE) has issued a new directive, effective immediately, that significantly changes the investment landscape for banks in the country. Directive No. SBB/92/2024, which replaces the previous Directive No. SBB/65/2017, outlines new regulations regarding bank investments to enhance the capital market ecosystem. This new directive aims to provide a more robust
Capital Market
