The two countries are looking to build on a recent peace deal that aims to defuse mounting tension in the Horn of Africa.

Somalia's president will visit Ethiopia on Saturday, his office said, the strongest sign yet of improving relations between the two neighbours after a year of tensions over Addis Ababa's plans to build a naval base in a breakaway Somali region.

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.

Ethiopia inaugurated its securities exchange on Friday, marking a significant step in Prime Minister Abiy Ahmed's efforts to liberalize the nation's heavily regulated economy and attract private investment.

After a five-decade gap and a peace accord in 2022, Ethiopia's stock exchange is seen as a key part of its economic and political transition.