Technical Issues have caused a delay in the launching of the Ethiopian Stock Exchange (ESX). Last minute technical problems dimmed the prospects of the inauguration of the bourse this month. Ethiopian Capital Market Authority head and other senior government officials have been claiming that the ESX will start operations in late November.
Reportedly, all the preparations had been completed to launch the stock market today, November 25. However last minute testing showed that two step mobile verification system was not functioning and massive mock log ins caused server errors.
Technical experts and the Ethiopian government officials says that the technical issues are not very serious and are likely to be solved in coming days. They hope the ESX to be inaugurated on December 2, next Monday. Ethiopian Stock Exchange ESX is hoping to list over 90 businesses on its boards initially.