Ethiopian securities exchange commences its capital roadshow

Addis Ababa, May 16, 2015 (FBC) –The Ethiopian Securities Exchange (ESX) has commenced its Capital Roadshow.

ESX is has showcased its business plan and financials to investors. 25% of ESX is owned by the Government through Ethiopian Investment Holdings and the remaining 75pct is open to both international and domestic private investors, it is stated on the roadshow.

Ethiopian Capital Market Authority held a press conference to brief the media on the Ethiopian Securities Exchange Capital Raise Roadshow.

The capital raise roadshow aims to engaging the financial sector to have ownership stake in the newly established Exchange, according to the Ethiopian Capital Market Authority.

Director General, Ethiopian Capital Market Authority, Biruk Taye stated that the roadshow is a major step towards full operationalization of ESX from upcoming January.

As of the beginning of the next Ethiopian fiscal year, the Authority will start issuing licenses to actors of the ESX including brokers, dealers and advisors, adding that all the preparations have been finalized to this end.