The Ethiopian Securities Exchange (ESX) has been granted two vital licences to operate the country’s first securities exchange, with Ethiopia’s financial regulator pronouncing the permits a “monumental step”.
The new platform, which aims to play a key role in Ethiopia’s capital market ecosystem, confirmed on 7 December that it had obtained an operational licence and over-the-counter (OTC) market licence from the Ethiopian Capital Market Authority (ECMA). The licences also permit ESX to operate as a self-regulatory organisation.
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