In an important development for Ethiopia’s financial landscape, Tilahun Kassahun has been appointed as the founding CEO of the Ethiopian Securities Exchange (ESX). The decision was made during the latest board meeting chaired by Helaway Tadesse, where Tilahun’s expertise and experience were recognized as vital for the success of the exchange.
ESX, which was officially established last month, is set to become Ethiopia’s first formalized securities exchange. Supported by Ethiopian Investment Holdings and other shareholders, the exchange aims to enhance the country’s financial infrastructure and provide channels for companies and investors, thereby contributing to sustainable economic growth.
As a self-regulatory organization operating under national capital markets laws, ESX recognizes the significant role it can play in fostering economic development. Tilahun Kassahun, a seasoned professional in the financial sector, will assume leadership during this crucial period. He has already served as the project manager overseeing the establishment phase of ESX and has over six years of experience advising the private sector at the International Finance Corporation.
Tilahun brings a wealth of knowledge and expertise to his new role, holding a doctorate focused on international economic law. He has previously served in various capacities at Haramaya University and Addis Ababa University, further enhancing his understanding of the financial landscape in Ethiopia.
With Tilahun Kassahun at the wheel , the Ethiopian Securities Exchange is well-positioned to make significant strides in shaping the country’s capital markets and attracting investment. His appointment marks a milestone in the development of Ethiopia’s financial sector and signals a promising future for the emerging stock exchange.
