Among the institutions introduced to the country’s economic system as part of the national reform, the Ethiopian Capital Market Authority is one of them.

Among the institutions introduced to the country’s economic system as part of the national reform, the Ethiopian Capital Market Authority is one of them. The authority is building a system that promotes the development of the capital market and serves as a bridge between capital seekers and capital providers.

The capital market system, first introduced in Ethiopia in 2011 E.C. as part of the home-grown economic reform, has over the past years passed through various processes and succeeded in establishing three key institutions. These are the Ethiopian Capital Market Authority, the Ethiopian Securities Exchange, and the Central Securities Depository. In addition to establishing these institutions, 15 capital-market service providers have been licensed and have commenced operations. Their combined paid-up capital has reached 1.5 billion birr. Furthermore, 10 companies are currently in the process of being listed on the Ethiopian Securities Exchange. Market-based interbank money trading has also been expanding. Going forward, reform efforts aimed at enabling the sector to play its full role in national development by supporting innovation and job creation will continue to be strengthened.

– Hana Tekulku

Director General, Ethiopian Capital Market Authority