The Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Rwanda Stock Exchange (RSE) to foster collaboration and strengthen cooperation between the two institutions to enhance the overall efficiency and sustainability of capital markets in the region.
This strategic collaboration seeks to enhance the growth and development of capital markets between Rwanda and Ethiopia through various strategic initiatives, an official press release issued this morning by ESX disclosed.
The collaboration will also support the integration of capital markets in the two countries, leveraging the expertise and experience of the RSE.
Pusuant to the MOU, both parties will exchange expertise and best practices to enhance the growth and development of their respective securities markets. To promote capacity building and professional development, the ESX and RSE will facilitate staff exchanges, attachments, and internships.
Furthermore, the collaboration will include organizing seminars, meetings, and networking events to bring together key stakeholders from both markets. The parties will also identify and develop additional strategic partnerships to address mutual needs and opportunities in the securities and investment sectors.
On the occasion, Tilahun Esmael Kassahun (PhD), CEO of ESX, expressed the importance of this partnership, stating, “This MoU helps 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 these sentiments, Pierre Celestin Rwabukumba, CEO of RSE, noted, “The signing marks an important step to strengthen ties of both markets and pave the way for our commitment to knowledge sharing and innovation, and foster stronger partnerships that will benefit both institutions and our communities.”
Source: FMC
