ESX

Zemen Bank Buys a 47 million birr stakes from Ethiopian Securities Exchange

Zemen Bank Buys a 47 million birr stakes from Ethiopian Securities Exchange

An Investment Agreement between the Ethiopian Securities Exchange(ESX) and Zemen Bank SC will bring the launch of the ESX closer to realization, provides much need financial resources towards a first launch. Zemen Bank, one of Ethiopia’s leading private banks, announced today a significant equity investment in the Ethiopian Securities Exchange (ESX), the first modern securities exchange under establishment in Ethiopia. This investment reflects the Bank’s long-standing commitment to be at the forefront of major innovations and technological advancements taking place within Ethiopia’s financial services industry. Zemen Bank’s equity investment will be in an amount of 47.5 million birr and is…
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