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Ethiopia has officially opened its banking sector to foreign investors, a long-awaited move that could reshape the country's financial landscape. The National Bank of Ethiopia (NBE) announced on June 25 that international banks and investors can now apply for banking licenses.
In a major leap for Ethiopia’s capital market, Gadaa Bank S.C. has officially joined the Ethiopian Securities Exchange (ESX), becoming the second bank to be listed on the newly formed exchange. The move marks a pivotal moment in the country’s financial sector, signaling increased confidence in public capital markets and expanded access to investment opportunities.
Ethiopian Prime Minister Abiy Ahmed on Friday officially launched the country's first stock exchange in more than 50 years, describing it as a "historic milestone" for the nation's economy.
Ethiopia is set to open a stock exchange after a 50-year absence, aiming to attract both domestic and international investors.
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