Nigeria’s stock exchange buys stake in Ethiopia’s first-ever bourse
- The Nigerian Exchange Group (NGX) has acquired a stake in Ethiopia's first-ever securities exchange.
- The Ethiopian government will hold a 25% stake in the ESX, while private and institutional investors will hold a 75% stake.
- The collaboration with NGX will support the development of the ESX and attract foreign investors.
The acquisition of a stake in Ethiopia's securities exchange by the Nigerian Exchange Group is a positive development for both countries. It signifies confidence in the long-term prospects of the Ethiopian economy and will contribute to the modernization and liberalization efforts. The collaboration with NGX will bring technical expertise and attract foreign investors, which will further stimulate economic growth.
