The stock exchange started operating in Ethiopia after a half-century break

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16:04; 12 January 2025 year
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Prime Minister of Ethiopia Abiy Ahmed on the launch of the stock exchange in the country, informs TASS.

The Ethiopian leader believes that the exchange (ESX) will strengthen the financial system and contribute to the development of the economy. It will offer new financial products and services to businesses, government agencies and institutions, as well as become a platform for Ethiopian and foreign investors.

The previous exchange in Ethiopia was closed in 1974 after the overthrow of Emperor Haile Selassie. According to the World Bank, Ethiopia is the second most populous country in Africa after Nigeria and one of the fastest growing economies in the region. About 126.5 million people live in the country.