Ethiopian Investment Holdings (EIH), along with its four subsidiary companies, has entered into an agreement to become the founding members of the Ethiopian Securities Exchange (ESX) Share Company. This marks a significant milestone in the advancement of Ethiopia’s capital markets, with the ESX is expected to launch in 2024.
The ESX is being established as a share company in a public-private partnership modality as per the 2021 Capital Markets Proclamation. EIH and its four subsidiaries, Ethiopian Shipping and Logistics, Ethio Telecom, Ethiopian Insurance Corporation, and Berhan Ena Selam Printing Enterprise, have signed a memorandum of association (MoA) to establish the Share Company.
The ESX also announced the appointment of its median board of directors with Helaway Tadesse as a chairman. Yasim Wohabrabbi, Eleni Gabremadhin, Fekadu Petros, Hinjat Shamil, Tewodros Mekonnen, and Zemedeneh Nigatu will also serve as members.
