The Ethiopian Securities Exhange(ESX) will receive founding members.

The Ethiopian Securities Exchange (ESX) will receive founding members of the upcoming capital market until the end of December. As per the plan ESX will have about 50 members including foreign investors and local players, who will be mainly financial institutions. Public enterprises will take a quarter shares on the secondary market trading platform, while the balance will be open for private sector actors and foreign investors. In the past three months roadshow events have been carried out in Ethiopia and abroad that will be continuing in the coming weeks. The new company is expected to have one billion birr paid up capital on its inception.

The post The Ethiopian Securities Exhange(ESX) will receive founding members. appeared first on Capital Newspaper .

Leave a Comment

Your email address will not be published. Required fields are marked *