Ethiopian Prime Minister Abiy Ahmed officially inaugurated the country's first stock exchange in over 50 years on Friday, calling it an "historic milestone" for Ethiopia's economic development.

The Ethiopian Securities Exchange (ESX) represents a crucial step in creating a robust capital market ecosystem, aligning with the government's ongoing reforms to liberalize the economy and financial sector.

This marks the first stock exchange in Ethiopia since the fall of Emperor Haile Selassie in 1974.

To discuss the significance of this development, Peter Ndoro spoke to Professor Israel Kodiaga, Economist and Director General for African Affairs at Global Unification International.