Ethiopia's OTC market targets 8 securities outside main listing requirements

Ethiopia’s securities market is actively preparing to introduce an over-the-counter (OTC) trading platform designed to accommodate eight specific securities. This new platform targets companies that currently do not meet the stringent listing requirements of the main Ethiopian Securities Exchange (ESX) or those that have strategically opted for an alternative path to the capital market. The initiative aims to broaden access to capital markets by providing a flexible trading environment for businesses outside the primary exchange. This move serves as a significant development in Ethiopia's growing financial infrastructure, allowing more diverse investment opportunities.