Ethiopian Securities Exchange
Coverage of Ethiopian Securities Exchange in the Nexus archive.
- Ethiopia’s Stock Exchange Opens, Anchoring Africa’s Newest Capital Market
Ethiopia’s first stock market in over 50 years, the Ethiopian Securities Exchange (ESX), opened on 10 January 2025. Wegagen Bank became the first listed company, with a government goal of 90 listings in a decade. The exchange operates as a public-private partnership.
- Dangote Refinery IPO will be ‘landmark’ for Nigerian exchange
Dangote Refinery’s $4 billion IPO, valued at $40 billion, is poised to be Africa’s largest listing and a landmark for Nigeria’s stock exchange. The Nigerian Stock Exchange CEO, Temi Popoola, highlighted its potential to attract global investment and strengthen the exchange’s role in economic transformation. The refinery, now operating at full capacity and leading aviation fuel exports, has driven market growth and a 51% return for the exchange’s index in 2025.