Securities

Every Investment Entails a Risk!

The Ethiopian capital market offers a range of permitted financial instruments, including:

Shares/Equities

Representing ownership in a company and entitling holders to dividends and voting rights.

Know your rights/obligations as a shareholder of a company.

Bonds

Debt instruments issued by companies or the government, offering fixed income to investors.

Know your rights/obligations as a bondholder of a company.

Collective Investment Schemes

Representing ownership in a company and entitling holders to dividends and voting rights.

Know your rights/obligations as a unit or securities holder in a CIS.

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Capital markets development is a key component of the Government of Ethiopia’s
(GoE) Home-Grown Economic Reform Program and the 10-Year Development Plan
(2021- 2031). In line with this commitment, the Capital Markets Proclamation (No.
1248/2021) was adopted by the House of Peoples’ Representatives in June 2021, which
included the establishment of the Ethiopian Capital Market Authority (ECMA).

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