After he leaves the unexpected happened

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systemanalyst
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After he leaves the unexpected happened. There are still several things that need to be done before CBE can start selling shares, according to Abe. However, at the moment, the stock exchange is still in its beginning phases. The ESX project managers and the EIH are researching to decide which State-Owned Enterprises (SOEs) will be included in the list.

 

Tilahun said that we have not yet decided which SOEs should be listed. The big state-owned companies might become publicly traded within the first two to three years of the stock market starting. Some smaller state-owned enterprises may need more time to meet the requirements for getting listed on the stock exchange.

 

The people in charge of the project don't think that ESX will make money in its first year. We need almost one billion birr to set up the Exchange. Out of the total, the EIH will provide 25 percent.

 

Technology will make up 25 percent of all expenses, but most of the money will be used for day-to-day operations. But ESX doesn't want to spend money on technology, so they will work with companies that provide technology instead.

 

Tilahun said that we might have a tech company join ESX as an investor and become their partner. We like to rent data centers, local cloud services, and co-locators. In the beginning, we will not build our data center. We want to get the best technologies available. We have two options: we can either buy the technologies or work together with the technology providers.

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