Ethiopia’s Securities Exchange and Morocco’s Casablanca Stock Exchange have formalized a strategic agreement to bolster Ethiopia’s financial market infrastructure. Announced on December 12, 2024, at the Africa Financial Summit in Casablanca, the collaboration aims to enhance Ethiopia’s newly established exchange with technological and operational expertise.
This partnership is set to strengthen Ethiopia’s trading platform through improved frameworks and risk management systems. Morocco’s Casablanca Stock Exchange, Africa’s second-largest bourse with a market value of $76 billion, will share its expertise in market reforms and innovative finance strategies to support Ethiopia’s financial market development.
The alliance also emphasizes sustainable investment by integrating Environmental, Social, and Governance (ESG) principles, aiming for responsible growth. Other joint initiatives include dual listings, educational programs, and advocating for Africa’s financial interests globally. Both parties view the partnership as a step toward promoting stock market access, liquidity, and broader financial integration across Africa.