The recently established Ethiopian Securities Exchange (ESX) has realised its initial capital raise target of $11.07 million (Ksh1.45 billion) needed to fund the start of operations.
The exchange said the cash raise was oversubscribed by more than two times, receiving offers of $26.6 million (Ksh3.49 billion) in new capital, although it did not state the amount it was taking up from the offers.
