The Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Rwanda Stock Exchange (RSE) in a strategic move aimed at fostering collaboration and enhancing the efficiency and sustainability of capital markets in the region.
The agreement, signed in Addis Ababa, marks a significant milestone in the integration of capital markets between the two countries. It sets the stage for cooperation in various key areas, including knowledge exchange, capacity building, and market development initiatives.
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Under the MoU, ESX and RSE will work together to strengthen their securities markets by sharing expertise and best practices. The agreement also includes provisions for staff exchanges, professional development programs, and joint seminars to bring together key stakeholders from both markets.
Additionally, both parties will explore further strategic partnerships to support investment opportunities and financial market growth. The collaboration is expected to contribute to regional financial integration, ultimately creating a more dynamic and interconnected securities market.
Commenting on the partnership, Tilahun Esmael Kassahun (PhD), CEO of ESX, stated:
“This MoU is a major step forward in advancing regional financial integration. By leveraging the strengths of both exchanges, we aim to create a more dynamic and interconnected securities market that benefits investors and businesses alike.”
Echoing this sentiment, Pierre Celestin Rwabukumba, CEO of RSE, highlighted the broader implications of the partnership:
“The signing marks an important step in strengthening ties between our markets. It paves the way for knowledge sharing, innovation, and stronger partnerships that will benefit both institutions and our communities.”
The agreement between ESX and RSE signals a commitment to fostering regional cooperation and expanding investment opportunities in Africa. By working together, both exchanges aim to create a vibrant and competitive securities market that will attract investors and support economic growth.
The Ethiopian Securities Exchange (ESX) is Ethiopia’s first securities exchange, established to provide a transparent and efficient marketplace for securities trading. It plays a crucial role in Ethiopia’s financial sector reform by enabling companies to raise capital and offering investment opportunities to the public.
Meanwhile, the Rwanda Stock Exchange (RSE) serves as Rwanda’s primary securities exchange, dedicated to facilitating capital formation, investment growth, and economic development through a well-regulated and transparent market.
The signing of this MoU reinforces Ethiopia and Rwanda’s commitment to strengthening their financial markets and enhancing investor confidence in the region.
