Ethiopia is on the verge of a significant economic transformation as it prepares to launch its first stock exchange in over fifty years. This initiative aims to attract investors and foster economic growth, despite the challenges posed by ongoing regional issues and the recovery from civil conflict.

The Ethiopian Securities Exchange is set to officially open on Friday, marking a pivotal moment in the nation’s economic development. Ethiopia Investment Holdings, which oversees 40 state-owned enterprises, is initiating this process by offering shares in Ethio Telecom.

• The goal is to raise up to 30 billion birr (approximately $234 million) through this initial public offering.
• This move is part of a broader strategy to list more companies on the new exchange.
• It reflects a commitment to enhancing the investment environment in Ethiopia.

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