Economy

Ethiopia’s OTC Market Targets 8 Securities Outside Main Listing Requirements

AI SUMMARY

Ethiopia's securities exchange is preparing an over-the-counter market to accommodate eight securities that fall outside main listing requirements.

The Ethiopian Securities Exchange is preparing an over-the-counter market to accommodate eight securities.
The alternative platform serves companies that do not meet main listing requirements or choose a different route.
Seven securities are currently actively traded on the main exchange, comprising shares in one telecommunications company and six banks.
Another security is expected to enter the main market in October, with plans to add about seven more to reach the target.
The specific eight securities joining the OTC platform have not yet been named.
The exchange currently lists approximately 48 active government Treasury bill securities covering maturities of 28, 91, 182, and 364 days.
An active secondary market for Treasury bill instruments has not yet developed.
Ethiopia's interbank money market has facilitated transactions between commercial banks for nearly two years.
A foreign exchange market was launched in January 2026 with support from the National Bank of Ethiopia.
The ESX currently has nine trading members, including licensed investment banks and broker-dealers.
Approximately 20 to 25 licensed entities are supporting market activities across the broader capital market.