Radar | Jun 30,2024
Dec 13 , 2024
The Ethiopian Securities Exchange (ESX) is set to launch its first trading market in mid-January, 2025, promising to reshape the country’s financial ecosystem. Located on the 18th Floor of the Nile Building in Addis Abeba’s financial district, near Nib International Bank, on Abebe Aregay (Ras) St., the new marketplace has cleared a key regulatory requirement after the Ethiopian Capital Market Authority (ECMA) last week issued operational licenses covering both conventional securities exchange trading and over-the-counter activity.
Officials say the opening will advance the nascent capital markets beyond interbank operations, already active for a month, toward the trading of government treasury bills and corporate bonds. The most anticipated component, a full-fledged stock exchange, is expected to follow, allowing companies to become publicly listed. Ethio telecom, currently floating shares through an initial public offering (IPO) in the primary market, plans to begin trading on the secondary market in a few months, according to Chief Operations Officer (COO) Michael Habte.
According to Tilahun Kassahun (PhD), the Exchange’s chief executive officer (CEO), preparations required only about a year and included drafting rulebooks, adopting technology, and developing governance frameworks.
"Tilahun also disclosed that ESX is ready to launch broker members back office - a system that manages the administrative and operational tasks of a brokerage firm - as well as an order management system, a tool to track the trend of orders."
Investors have responded with substantial capital for ESX's establishment, well above the initial requirement, securing 1.51 billion Br in subscribed capital and 800 million Br in paid-up capital. The Exchange counts 17 institutional investors, including the federal government, which holds a 25pc stake through the Ethiopian Investment Holdings (EIH), a sovereign fund that manages state-owned enterprises. Firms under its supervision chipped in 275 million Br, while international backers such as FSD Africa, the Trade & Development Bank Group, and the Nigerian Exchange Group also took part in the making of the capital market.
Radar | Jun 30,2024
Radar | Mar 02,2024
Radar | Jan 15,2022
Sunday with Eden | Apr 15,2023
Advertorials | Feb 12,2024
Agenda | Jun 29,2025
Advertorials | Aug 02,2025
Viewpoints | Jun 14,2025
View From Arada | Sep 10,2022
Fortune News | Jun 29,2025
My Opinion | 133315 Views | Aug 14,2021
My Opinion | 129827 Views | Aug 21,2021
My Opinion | 127644 Views | Sep 10,2021
My Opinion | 125192 Views | Aug 07,2021
Aug 9 , 2025
In the 14th Century, the Egyptian scholar Ibn Khaldun drew a neat curve in the sand....
Aug 2 , 2025
At daybreak on Thursday last week, July 31, 2025, hundreds of thousands of Ethiop...
Jul 26 , 2025
Teaching hospitals everywhere juggle three jobs at once: teaching, curing, and discov...
Jul 19 , 2025
Parliament is no stranger to frantic bursts of productivity. Even so, the vote last w...
Loading your updates...