FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo

Securities Exchange Set to Launch in January

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.

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Climate Exile Already Here, Yet the Law Still Refuses to See It

Last year, at the inaugural Berlin Climate Mobility Forum, leaders from vulnerable co...

Raising Interest Rates Won't Stabilise African Inflation

African economies began this year facing no shortage of challenges, including lower g...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

The Budget Bill Asks the Most from Citizens with the Least Slack

Jun 20 , 2026

When Parliament takes up the appropriation bill, federal legislators will receive a d...

Logistics Reform Should Deliver More Than Market Entry by Foreign Capital

Jun 13 , 2026

The recent policy decision to fully open freight forwarding to foreign capital may be...

The Elections Offered Order at the Centre, Silence at the Edges

Jun 6 , 2026

For a political veteran as controversial as Getachew Reda, last week's national elect...

Mistaking Development Theatre for Public Trust Has a Cost

May 30 , 2026

Tomorrow, millions of Ethiopians are expected to vote in the seventh national electio...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Prevention Starts Years Before the First Diagnosis

I often hear people say, “I'm only in my twenties,” or “I'm still in my thirtie...

The Cost of a Culture That Doesn't Read

In Ethiopia, one of the most surprising statements heard in everyday conversation is...

Life Matters

A Cup of Juice, A Long Day, an Uncomfortable Realisation

Most of us love our children fiercely. It is perhaps one of the most universal human...

The Things We Can't Control

Lately, two thoughts have occupied my mind. At first glance, they seem unrelated. One is about comebacks. The other is about how parents vie...