ESX Appoints New Board to Guide Post-Launch Growth

The Ethiopian Securities Exchange (ESX) has appointed an 11-member board of directors, establishing a permanent governance structure to steer the market's next phase of development following its recent operational launch. The board comprises a strategic mix of Ethiopia's most influential financial institutions, key state-owned enterprises, and experienced regional partners, signaling a unified push to build liquidity and attract new listings to the fledgling exchange.

The newly constituted board features a diverse group of heavyweights from across the financial spectrum. It includes representatives from Awash Bank, the Trade and Development Bank (TDB), Enat Bank, Ethiopian Investment Holdings (EIH), Ethiopian Reinsurance, and Nyala Insurance. The inclusion of the Nigerian Exchange Group, represented by its CEO Temi Popoola, brings crucial pan-African market experience, while seasoned experts like Dr. Tewodros Mekonnen and Mr. Helaway Tadesse add deep economic and policy insight. In its announcement, the ESX said it warmly welcomes the new members "whose expertise and vision will help steer ESX toward a stronger and more inclusive capital market."