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What is the Ethiopian Securities Exchange (ESX)?

The Ethiopian Securities Exchange, where shares and other securities are listed and traded under its Rulebook.

The Ethiopian Securities Exchange is the country's stock exchange — the regulated marketplace where shares and other securities are listed and traded. It is the first organised securities exchange in Ethiopia's modern history, launched as the new capital market opened, and it operates under its 2024 Rulebook.

The Rulebook sets who may list, how a company must keep disclosing information to the public once listed, and when trading in a security can be suspended or a company delisted. ESX runs more than one board — a Main board for larger issuers and a Growth board for smaller, growing companies — as well as an over-the-counter (OTC) market.

As the market has opened, companies including Awash Bank, Bank of Abyssinia and Gadaa Bank have been listed, and Ethiopia has begun exchange-based trading of government securities.

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Educational information drawn from official ECMA, ESX and NBE documents — not investment or legal advice. For the authoritative, current detail, open the sources above or ask Mehaleq.