Economy

Ethiopian Securities Exchange Approves 11 New Companies in Principle

AI SUMMARY

The Ethiopian Securities Exchange has approved 11 new companies in principle, bringing the potential total of listed entities to 18.

The Ethiopian Securities Exchange approved in principle the applications of 11 new companies to join the market.
Six institutions, including Ethio Telecom, the Commercial Bank of Ethiopia, and Awash Bank, previously received authorization to participate.
The addition of the new companies will increase the total number of listed entities to 18.
At least six of the new companies are expected to begin trading by the end of December, according to ESX CEO Yodit Kassa.
The identities of the new organizations have not been disclosed.