Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) and iCapital Africa Institute, aiming to accelerate the growth and integration of capital markets in Ethiopia and Kenya.

At the signing ceremony, ESX CEO Tilahun Ismael (PhD) highlighted the strategic collaboration's focus on fostering knowledge exchange, capacity building, and promoting cross-border investments. The partnership is expected to bolster capital market development in both countries by leveraging the expertise of the NSE and iCapital Africa Institute.

Dr. Tilahun emphasized the MoU as a milestone for Ethiopia’s financial markets, outlining plans for joint training programs, establishing a robust regulatory framework, and exploring innovative financial products. He noted that the collaboration was crucial to addressing the evolving needs of investors in the region.

NSE CEO Frank Mwiti expressed optimism, stating the partnership would enhance regional integration and unlock new opportunities for issuers and investors. iCapital Africa Institute CEO Dr. Gemechu Waktola added that the institute would support the initiative through intellectual capital and technology transfer, contributing to economic growth and financial inclusion in both countries.

The parties are set to work together in the coming months to implement the initiatives outlined in the agreement.

Source: The Ethiopian Herald