19
May
ADDIS ABABA – Abiy Ahmed’s administration has taken additional step to set up the Ethiopian Securities Exchange (ESX) with a cooperation agreement with FSD Africa, UK’s capital market facilitator. The proposed exchange will serve as a key market institution to provide Ethiopian entrepreneurs and businesses with access to long term finance, authorities say. Ethiopian Investment Holdings, manager and owner of state-owned companies, and the Ministry of Finance signed the agreement to set up the Exchange with FSD Africa (Financial Sector Deepening – Africa) on Wednesday. “Today’s cooperation agreement… is a first concrete step towards realizing our vision,” said Finance Minister…