Trading report Ethiopia money market
The Ethiopian Securities Exchange (ESX) has published a first trading report for the interbank money market covering the week 30 June-4 July. The ESX provides its electronic trading platform to the National Bank of Ethiopia (NBE), which operates the lending market for traders at the commercial banks in order to boost financial liquidity. Trading is […]
First trade! Second listing! for Ethiopian Securities Exchange (ESX)
UPDATE 7 July: On 4 July Wegagen Capital also claimed credit for the first trade. Perhaps this is unsurprising, since there are so far only two ESX trading members, so both will be involved. The announcements have not included information such as the share price or number of shares involved. It will be interesting to […]
CBE Capital is second stockbroker on Ethiopian exchange
Ethiopia’s new securities exchange admitted its second trading member yesterday (4 June 2025). CBE Capital Investment Bank S.C. joined the Ethiopian Securities Exchange (ESX). So far there is one listed company, Wegagen Bank S.C. and trading operations have not started but are expected soon. CBE Capital investment bank is a public-private partnership between state-owned giant […]
IFC backs Ethiopia’s money market
The Ethiopian Securities Exchange (ESX) and the International Finance Corporation (IFC) on 16 May announced a strategic partnership to build up the Ethiopia money market. According to an ESX announcement: “The project is designed to build capacity across the capital market ecosystem, with a strong focus on developing the interbank money market—an essential component of […]
Wegagen is first broker on Ethiopian Securities Exchange
The first trading member has been appointed at the Ethiopian Securities Exchange (ESX). Wegagen Capital Investment Bank S.C received its trading membership certificate on 14 May. On 21 March, the Ethiopian Capital Market Authority (ECMA) had licensed Wegagen as an investment bank along with CBE Capital SC as a second investment bank and Ethio-Fidelity Securities […]
Ethiopia’s first securities dealer and investment banks
The Ethiopian Securities Exchange is moving closer to starting trading activities, with the news that the Ethiopian Capital Market Authority (ECMA) has granted licenses to two investment banks and a securities dealer. These can now apply for membership of the Ethiopian Securities Exchange (ESX), although they have been discussing with the ESX in parallel with […]
Money market trading underway on Ethiopian Securities Exchange (ESX)
As excitement builds ahead of the launch of the Ethiopian Securities Exchange (ESX), banks are already actively trading on its online Interbank Money Market trading platform, launched by the National Bank of Ethiopia (NBE) on 31 October. The electronic trading platform is managed by the ESX and developed and supplied by InfoTech Group. Private banks […]
Ethio Telecom IPO – Updated with details
UPDATED WITH DETAILS OF SHARE OFFER The state-owned giant Ethio Telecom launched its offer of 10% of its shares to the Ethiopian public from 17 October and the offer will close on 3 January 2025. It is the first of a planned wave of privatization as part of revolutionary transformation to Ethiopia’s economy. The sale […]
InfoTech trading system for ESX Ethiopian stock exchange
The Ethiopian Securities Exchange (ESX) has signed two pivotal technology agreements with Infotech Private Limited. The agreements cover the design, supply, and installation of an Electronic Trading Platform and a Broker Back Office and Order Management System. InfoTech was established in 1995 and has an extensive profile across Africa, the Middle East and South Asia. […]
Fast progress at Ethiopian Securities Exchange
The Ethiopian Securities Exchange (ESX) is pushing forwards towards its launch and aims to launch secondary trading in bonds, equities and money market instruments in September. The first listings could also occur at the same time. A big milestone was the strong response to the capital raise for the exchange, a for-profit company. It announced […]
Electronic trading system for new Ethiopian Securities Exchange
The tenders are open for the automated trading system and broker back office systems for the Ethiopian Securities Exchange (ESX) and for the market surveillance system. If you are a bidder and not in Ethiopia, you should apply to FDRE Ethiopian Enterprise Development to post you the technical documents. The tenders must be delivered physically […]
Progress towards Ethiopia’s Stock Exchange
At least 50 companies are expected to list when Ethiopia’s stock exchange launches. The country’s new $38bn sovereign wealth fund Ethiopia Investment Holdings (EIH) is working with the Ministry of Finance and Nairobi-based FSD Africa to set up the Ethiopian Securities Exchange (ESX) with an aim to get it operating by end 2023 or in […]
Ethiopia’s draft capital markets bill
One of Africa’s biggest economies is taking a step closer to establishing a capital market to allocate capital more efficiently. The National Bank of Ethiopia (NBE), the central bank, has published a draft Capital Markets Establishment Proclamation for consultation. According to a news report in Fortune newspaper, a technical committee consisting of people from the […]
World Bank $1.2bn to supporting financial sector in Ethiopia
The World Bank has announced that it will give a $600m grant and a $600m loan towards supporting reforms in Ethiopia’s financial sector including improving the investment climate, according to Reuters, plus technical support.
