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Ethiopian Securities Exchange (ESX)

In a landmark announcement, Dr. Tilahun Esmael Kassahun, Ph.D., welcomed members, investors, and stakeholders as he assumed the position of Chief Executive Officer at the Ethiopian Securities Exchange (ESX). With excitement and a sense of honor, Dr. Kassahun expressed his eagerness to lead this pioneering institution into a new era of innovation and economic progress.

ESX, established as a public-private partnership under the Capital Market Proclamation (No.1248/2021) and licensed by the Ethiopian Capital Market Authority (ECMA), is positioned as Ethiopia's premiere organized securities exchange. Dr. Kassahun highlighted the multifaceted role ESX plays, operating as a Self-Regulatory Organization (SRO) and central market organizer across equities, fixed income, and money market segments.

Mission and Vision: A New Chapter for Ethiopia's Capital Market

The core mission of ESX, according to Dr. Kassahun, is to create a modern, reliable, transparent, and efficient environment for securities trading in Ethiopia. The focus is on facilitating access to capital, supporting effective capital allocation, and nurturing a culture of transparency, integrity, and accountability. Beyond national borders, ESX envisions becoming a premier, innovative, and vertically integrated securities exchange in Africa.

CEO's Vision: Innovations and Partnerships for Sustainable Growth

Dr. Kassahun outlined a vision for ESX that encompasses a commitment to excellence, innovation, and sustainable growth. He emphasized the active pursuit of state-of-the-art systems, introduction of new financial products, and enhanced market efficiency. Moreover, building partnerships, both locally and internationally, is on the agenda to expand opportunities and attract a diverse pool of investors.

The success of ESX, Dr. Kassahun stated, hinges on the active participation of all stakeholders. He encouraged open communication, collaboration, and the sharing of ideas as they navigate the exciting journey ahead. Dr. Kassahun expressed confidence that, collectively, they can transform ESX into a vital instrument for Ethiopia's economic prosperity.

Market Development Strategies: Propelling Ethiopia to Regional Financial Center

ESX's role in market development, policy advocacy, and institutional reform is pivotal. Dr. Kassahun highlighted the collaboration with stakeholders to enhance investor confidence, attract new issuers – particularly high-growth potential SMEs – and serve the broader Ethiopian business community. Strategic diversification of product and service offerings, coupled with ongoing innovation, will be a cornerstone of ESX's approach.

The grand vision, as articulated by Dr. Kassahun, is to position Ethiopia as a key regional financial center. This involves in-depth strategic studies, advocacy efforts, and implementation of recommendations aimed at fortifying Ethiopia's capital markets. Collaborations with regional and global industry players underscore ESX's commitment to evolving into a dynamic financial hub.

Corporate Governance: A Framework for Excellence

ESX's commitment to international best practices in corporate organization and governance was underscored by Dr. Kassahun. The dedicated Board of Directors, inclusive of independent members, ensures diverse representation from the financial and capital market ecosystem, issuers, and investors. Market committees for equity and fixed income markets actively handle regulatory and delegated enforcement functions, ensuring robust governance.

Efficient management and human resource strategies tailored to ESX's development stages are deemed crucial for adaptability and sustainability. Dr. Kassahun emphasized this commitment, ensuring ESX evolves as a dynamic institution in the ever-evolving financial landscape.

Conclusion: A New Chapter Unfolds

In conclusion, the Ethiopian Securities Exchange, under the visionary leadership of Dr. Tilahun Esmael Kassahun, is poised to redefine Ethiopia's financial landscape. Driven by values of transparency, innovation, and efficiency, ESX aims to be not just a marketplace but a dynamic institution fostering sustainable growth. With a commitment to international best practices, ESX emerges as a gateway for local and regional investors, promising empowerment in the realm of organized securities trading.

Stay tuned for more updates as ESX charts its course into a new era of financial excellence. Visit their website, https://esxethiopia.com

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Ethiopian Securities Exchange (ESX)

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