Securities Exchange Nears Launch with Advanced Trading Platform


Securities Exchange Nears Launch with Advanced Trading Platform

Ethiopian Securities Exchange (ESX) is on track to launch its real-time trading platform in the coming months, marking a momentous milestone for the country’s capital market. A climactic component of this development was a partnership with Infotech Private Limited, a global leader in capital markets technology. The agreement, signed last week by ESX CEO Tilahun E. Kassahun and Infotech COO Muhammad H. Naseer, covers the design, supply, and installation of both an electronic trading platform and a broker back office and order management system. The new platform will provide a modern, efficient, and transparent trading environment for investors, while the back-office system will streamline operations for brokerage firms. “This partnership is a major step towards realising a world-class securities exchange in Ethiopia,” said Tilahun. Infotech, with its three decades of experience in the financial sector, brings a wealth of expertise to the project. Muhammad expressed confidence in the partnership, indicating commitment to deliver cutting-edge technology solutions that will support ESX in creating a robust and vibrant capital market. The Exchange has achieved a remarkable feat recently, surpassing its initial capital requirement by more than twofold. Raising a total of 1.51 billion Br capital, the Exchange paves the way for establishing Ethiopia's first stock exchange.

[ssba-buttons]

Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...