Ethiopia opened its stock exchange — part of a plan to lure investors to an economy recovering from a civil war — without any brokers and no initial public offering debuts.

Ethiopia launched a securities exchange on Friday, in what officials touted as a milestone in Prime Minister Abiy Ahmed's drive to open up the country's tightly controlled economy to private investment.

Ethiopia relaunched its stock exchange, the Ethiopian Securities Exchange, on Friday after a 50-year absence. The operations of the Ethiopia Securities Exchange were stopped in 1974 following the takeover by a communist military government.

Ethiopian Prime Minister Abiy Ahmed rang a Wall Street-style bell to officially launch the country's first stock exchange in 50 years on Friday, part of efforts to liberalise the struggling economy. Ethiopia has not had any form of stock exchange in 50 years,

After decades of trying to do so, Ethiopia is now on course to launch its first-ever stock exchange later this year

ADDIS ABABA - Ethiopian Prime Minister Abiy Ahmed on Friday officially launched the country's first stock exchange in more than 50 years, describing it as a "historic milestone" for the nation's economy.

Ethiopian Prime Minister Abiy Ahmed rang a Wall Street-style bell to officially launch the country’s first stock exchange in 50 years on