First listing new exchange10 Oct 2024 08:16
Https://www.reuters.com/business/media-telecom/ethio-telecom-kick-off-ethopian-stock-trading-with-10-flotation-next-week-2024-10-09/#:~:text=LONDON%2C%20Oct%209%20(Reuters),Ethiopia%20Investment%20Holdings%2C%20told%20Reuters.
https://www.communicationstoday.co.in/ethio-telecom-to-list-10-stake-on-ethiopias-newly-launched-stock-market/
LONDON, Oct 9 (Reuters) - Ethio Telecom will become the first company to list on Ethiopia's new stock market next week when the government sells a 10% stake in the company, Brook Taye, the CEO of its owner Ethiopia Investment Holdings, told Reuters.
The establishment of a bourse as well as the privatisation of state-owned enterprises is part of Prime Minister Abiy Ahmed's push to open up the country to greater private investment.
"We're hoping that by the next two, three months, parliament would adopt or enact the new proclamation, and with that, we're hoping to see a significant number of continental giants operating in Ethiopia as private banks," Brook said.
"We're seeing banks in our neighbourhood looking at Ethiopia, we're seeing North African banks looking at Ethiopia, and some of household banks in West Africa also looking at Ethiopia. It's a huge market and we can absorb several foreign banks coming in."
https://kenyanwallstreet.com/ethio-telecom-to-kickstart-ethiopian-securities-exchange-with-10-listing/
“The much-awaited launch of the ESX has received significant investor interest, surpassing its capital-raising phase by over 200% in April. The bourse is aiming to host an initial 50 listings as the country moves to boost its capital markets.”
https://www.youtube.com/watch?v=KwPTR2kr_JA (ESX)
https://www.fanabc.com/english/uk-commends-ethiopias-ambitious-vision-to-position-itself-as-a-prime-destination-for-intl-investment/
Addis Ababa, October 9, 2024 (FBC) – Eyob Tekalgn, Ethiopia’s State Minister of Finance, Brook Taye CEO of Ethiopian Investment Holdings and Hana Teklu, Director General, Ethiopian Capital Market Authority; held bilateral discussions with Nick Dyer, Permanent Under-secretary at the UK’s Foreign, Commonwealth & Development Office (FCDO) and British International Investment (BII) in London.
https://esxethiopia.com/
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