Reported 28 October 2026. Thumbnail: editorial illustration.
Key Takeaways
- Eight securities are targeted for Ethiopia’s over-the-counter market; the prospective securities have not been named.
- ESX CEO Yodit Kassa says the alternative platform will complement the main exchange.
- Companies outside main-listing criteria, or choosing an alternative route, are the OTC market’s intended participants.
- Seven securities currently trade on the main exchange: shares in one telecommunications company and six banks.
- Approximately 48 government Treasury bill securities are listed, but an active secondary market has yet to develop.
- 28, 91, 182 and 364 days are the listed Treasury bill maturities.
- Nine trading members serve ESX, including investment banks and broker-dealers.
Market Impact
- The OTC initiative would widen the routes available for companies to access securities trading.
- Treasury bill listing has yet to translate into active resale. ESX identifies secondary trading as necessary for liquidity and price discovery.
Key Numbers
- 8 — targeted OTC securities — prospective expansion.
- 7 — main-market securities — current reported activity.
- About 48 — Treasury bill securities — listed debt inventory.
Business Signal
- Expanding listings and building actual trading liquidity remain separate tasks for Ethiopia’s securities market.