Mehaleq

Market Directory

Who’s who in Ethiopia’s capital market and how to reach them — the regulator and market bodies, the firms licensed to operate, and answers to common questions. Details are a snapshot verified against the official sites on 29 September 2026; always confirm the current information at the source.

Verify before you trust. Only deal with firms licensed by ECMA. Check the exact name on the official licensee list — ECMA regularly warns the public about entities operating without a licence. If a firm isn’t listed, don’t send money.

Official licensee list ↗

Regulator & market bodies

ECMA

Ethiopian Capital Market Authority

The government regulator. Licenses and supervises the exchange, intermediaries and issuers, writes the market's directives, and protects investors.

Minaye Corporate Building, 15th Floor, Flamingo Area, Kirkos, Addis Ababa+251 11 557 8250+251 11 557 8310Licensing & Registration: +251 11 557 8311communication@ecma.gov.etecma.gov.et
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For the authoritative, current list of licensed firms, see ecma.gov.et/licensees.

ESX

Ethiopian Securities Exchange

The stock exchange — the regulated marketplace where shares and other securities are listed and traded, under its 2024 Rulebook.

Nile Insurance S.C. Building, 16–18th Floor, National Theatre Area, P.O. Box 12101, Addis Ababa+251 95 212 0031info@esx.etesx.et

Member and listing information is published on esx.et.

NBE

National Bank of Ethiopia

The central bank. Issues government securities (Treasury bills and bonds) on behalf of the Ministry of Finance, runs Open Market Operations, and oversees the Central Securities Depository.

Sudan Street, P.O. Box 5550, Addis Ababa+251 11 551 7430Fax: +251 11 551 4588nbeinfo@nbe.gov.etnbe.gov.et
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Treasury bill rates and auctions are published under “Market & Rates” on nbe.gov.et.

CSD

Central Securities Depository

The market's back-office infrastructure — holds securities electronically (dematerialised) and handles registration, custody, clearing and settlement. Overseen by the NBE.

nbe.gov.et

The CSD is operated under the NBE; bids for government Treasury bills are submitted through the CSD system.

Licensed firms

Firms licensed by ECMA to operate in the market. This is a snapshot — for the complete, current list see the official licensee list ↗.

Investment Banks

7 on the official list

Licensed to help companies raise capital — including underwriting and bringing securities to market.

PrizeWorth Investment Bank S.C.

license ↗
Africa Avenue (behind Bole Printing), Ethiobest Real Estate Bldg., 3rd Floor, Addis Ababa+251 11 557 5054info@prizeworthinvestmentbanksc.com

Prime Capital S.C.

license ↗
Bole Road, Abyssinia Real Estate Bldg., 12th Floor, Addis Ababa+251 11 113 7147info@primecapitalsc.com

Siinqee Investment Bank S.C.

Kirkos Sub-city, Nega Mall Bldg., 7th Floor, Addis Ababa+251 99 502 3267

Awash Capital S.C.

Lideta Sub-city, Nile Insurance HQ Bldg., 16th Floor, Addis Ababa+251 11 526 9987info@awashcapital.com

First Addis Investment Bank PLC

Meskel Flower, Central Printing Press Bldg., 6th Floor, Addis Ababa+251 91 168 6947info@firstaddisinvestmentbank.com

CBE Capital Investment Bank S.C.

Commercial Bank of Ethiopia HQ, 1st Floor, Main Building, Addis Ababa6848contact@cbecapitalsc.com

Wegagen Capital Investment Bank S.C.

Wegagen Tower, 10th Floor, Ras Mekonnen St., Addis Ababa+251 11 130 9928info@wegagencapital.com.et

Securities Dealers

2 on the official list

Licensed to buy and sell securities, including on their own account.

Gadaa Securities Dealer S.C.

Lideta Sub-city, Nile Insurance HQ Bldg., 16th Floor, Addis Ababa+251 90 465 1784

Ethio Fidelity Securities S.C.

Sengatera Building, 13th Floor, Mexico Area, Addis Ababa+251 11 557 8397info@ethiofidelity.com

Securities Investment Advisors (corporate)

11 on the official list

Licensed to advise investors on securities.

BluFin Capital Advisory PLC

license ↗
Jomo Kenyatta St., Kidus Complex, 3rd Floor, Addis Ababa+251 99 588 4955info@blufincapitaladvisory.com

Lumina Capital PLC

license ↗
Jomo Kenyatta St., Kidus Complex, 2nd Floor, Addis Ababa+251 96 474 8888info@luminacapital.com.et

BDO Consulting PLC

license ↗
Bole Sub-city, Tropical Mall Bldg., 11th Floor, Addis Ababa+251 11 663 1196ethiopia@bdo-ea.com

ProInvest Capital PLC

Bole Sub-city, Dembel City Center, 3rd Floor, Office TF-015, Addis Ababa+251 91 152 7050

Zuri Capital S.C.

Kirkos Sub-city, Gotera, Kas Tower, 11th Floor, Addis Ababa+251 91 201 2146yosephg@zuriadvisors.com

Ignite Capital PLC

Kirkos Sub-city, Tebaber Berta Bldg., 7th Floor, Office 702D, Addis Ababa+251 11 524 8011hello@ignitecapitalglobal.com

HST Investment Advisors P.L.C.

Mina Building, 2nd & 4th Floors, Ethio-China Friendship Ave., Addis Ababa+251 11 552 7666tewedaje.gezahegn@hst-et.com

Equation Securities Investment Advisor P.L.C.

Afework Building, 1st Floor, Office 107, Addis Ababa+251 94 425 2272equation2024@gmail.com

Ethio Capital P.L.C.

ORDA Tower, 10th Floor, Offices 1001–1002, Kirkos Sub-city, Addis Ababa+251 11 557 9085info@ethiocapitalsolutions.com.et

i-Capital Africa Institute P.L.C.

Elsi Building, 6th Floor, Arat Kilo, Arada Sub-city, Addis Ababa+251 91 162 9011info@icapitalafrica.org

D & T Management Consulting P.L.C.

Minaye Corporate Office Park, 2nd Floor, Addis Ababaetadmin@deloitte.com.et

ESX trading members

The brokers/dealers you open an account with to trade on the exchange.

  • Zemen Bank Capital Markets
  • Hibret Bank Securities
  • Sahay Capital
  • Awash Capital Investment Bank
  • Gadaa Securities Dealers
  • First Addis Investment Bank
  • Siinqee Investment Bank
  • Prime Capital

Listed & registered

Companies whose shares are listed or registered as the market opens.

Common questions

How do I know a firm is actually licensed?

Only deal with firms licensed by ECMA. Check the official licensee list at ecma.gov.et/licensees and confirm the exact name. ECMA regularly issues public warnings about entities operating without a licence — if a firm is not on the list, treat any offer with caution.

Someone offered me an “investment bank” or brokerage service — how do I verify it?

Cross-check the firm's exact name against ECMA's licensee list. Investment bank, broker, dealer and adviser are all specific licensed roles. If the name is not listed, do not send money, and report the offer to ECMA.

How do I start investing or buy shares?

You trade through a licensed ESX trading member (a broker or dealer). Open an account with one of the trading members listed here, and your securities are then held electronically for you at the Central Securities Depository.

What do ECMA, ESX and NBE each do?

ECMA is the regulator — it licenses and supervises the market and protects investors. ESX is the exchange where securities are listed and traded. NBE is the central bank — it issues government securities and oversees the CSD. See the Learn page for more.

Where do government Treasury bills come from, and how do I take part?

The NBE auctions Treasury bills on behalf of the Ministry of Finance, in 28, 91, 182 and 364-day maturities. Bids are submitted through the CSD system. Rates and auction results are published on nbe.gov.et under “Market & Rates”.

How do I report fraud or a suspicious offer?

Contact ECMA directly — email communication@ecma.gov.et or call the numbers listed above. Reporting suspected unlicensed activity helps protect other investors.

This directory links to official sources and reflects public information verified on 29 September 2026. Details can change — always confirm the current list and contacts on the official sites (ecma.gov.et, esx.et, nbe.gov.et). Not investment or legal advice.