Coming soon – Ethiopian Securities Exchange

The Ethiopian Securities Exchange (ESX) is pushing forwards towards its launch in the coming months. It will bring prominent listings and facilitate secondary trading in bonds, equities and money market instruments.

In July 2024 two pivotal technology agreements were signed 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’s flagship platforms are Capizar® and Marlin®, both designed to address the evolving needs of exchanges, regulators and brokerage communities. The ETP is designed to ensure market transparency, improve liquidity, and offer local and international investors a seamless and secure trading experience.

Another big milestone in April 2024 was the strong response to the capital raise for the exchange, a for-profit company. Investors had offered $26.6m (ETB 1.51bn) in response to its targeted capital raise of $11.1m.

Tilahun Esmael Kassahun, CEO of the ESX, said (press release): “We are thrilled to have exceeded all our expectations. Strategic foreign investments by TDB, FSD Africa, and NGX Group are particularly important in allowing the transfer of technical knowhow and best practices as well as other areas of long-term strategic value that we will explore.”