Ethiopian Capital Market Secures Major Grant

Jul 6 , 2025

The African Development Bank(AfDB) has approved a 400,000 dollars grant to support Ethiopia’s emerging capital market ecosystem. Funded through the Capital Markets Development Trust Fund, the grant will strengthen the Ethiopian Capital Market Authority’s (ECMA) infrastructure and help the Ethiopian Securities Exchange (ESX) diversify its offerings. ECMA will develop a public disclosure platform to improve transparency, while ESX plans to introduce products such as exchange-traded funds, sukuks, and green bonds. This marks the Fund’s first project outside West Africa. Officials say the initiative will deepen access to long-term financing, attract investors, and accelerate economic growth. The support builds on earlier AfDB-backed efforts, including the 2021 Capital Market Proclamation that founded ECMA and ESX.