View From Arada | Feb 01,2020
Jul 11 , 2025
Ethiopia officially launched its first securities trading platform today, marking a moment in the country’s financial history. The Ethiopian Securities Exchange (ESX) began operations with the public registration and trading of government treasury bills (T-bills) on its secondary market.
The inaugural event took place at the Sheraton Addis Hotel today, where financial sector officials gathered to ring the ceremonial bell, signaling the start of a new era in the capital markets.
ESX CEO, Tilahun Kassahun (PhD), presided over the ceremony as representatives from Gadda Bank and Wegagen Bank, the first two financial institutions registered on ESX, rang the inaugural trading bell.
According to Finance Minister Ahmed Shide, the importance of the launch, noting that the move from physical to dematerialised T-bills, represents a more efficient way to manage public liquidity. He described the instruments as a "positive-yield investment opportunity" that could help diversify sources of domestic financing.
Jointly organized by the Central, ECMA and the ESX, the event marks Ethiopia’s formal entry into securities trading, to mobilise domestic capital, expanding financial access, and fueling long-term growth.
Mamo Mihretu, governor of the National Bank of Ethiopia (NBE), said that traditional capital sources, taxes, loans, and grants, are no longer sufficient, making a formal capital market a strategic necessity.
For Hana Tehelku, director general of the Ethiopian Capital Market Authority (ECMA), the debut of T-bill trading is the “fruition of regulatory groundwork” and an important step toward building an inclusive investment ecosystem. She hopes to see that the listing of government bonds instill confidence in corporate issuers and help pave the way for corporate bonds in the near future.
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