The Nigerian Exchange Group (NGX), previously known as the Nigerian Stock Exchange, has acquired an undisclosed equity stake in Ethiopia’s inaugural securities exchange, the Ethiopian Securities Exchange (ESX). This acquisition followed a fundraising initiative that started in mid-2023, collecting 1.51 billion birr ($26.6 million), surpassing the initial goal by an additional 879 million birr ($15.53 … Continue reading Nigerian Exchange Group acquires stake in Ethiopia’s first securities exchange