Prime Capital Joins Ethiopian Securities Exchange as Eighth Trading Member

The Ethiopian Securities Exchange (ESX) has admitted Prime Capital S.C. as its newest Trading Member, expanding the number of licensed brokerage firms operating on Ethiopia’s young capital market to eight.

The admission was formalized during a certification ceremony held on the ESX trading floor after Prime Capital fulfilled the Exchange’s membership requirements and secured a Trading Member license from the Ethiopian Capital Market Authority (ECMA).

With the certification, Prime Capital is now authorized to execute securities transactions on behalf of investors through the Exchange, broadening the range of licensed intermediaries available to serve Ethiopia’s growing capital market.

The latest admission comes as the Ethiopian Securities Exchange continues to expand its market infrastructure following the launch of trading operations. Market operators view the growth in licensed intermediaries as a key step toward improving investor participation, increasing market liquidity, and strengthening confidence in Ethiopia’s securities market.

Speaking during the certification ceremony, ESX Chief Executive Officer Tilahun E. Kassahun (PhD) said the admission of another trading member reflects the continued development of the country’s capital market ecosystem.

He noted that strong market intermediaries play a critical role in building a transparent, efficient, and well-functioning securities market capable of supporting long-term capital formation and economic growth.

Trading members act as licensed brokers, facilitating the purchase and sale of securities for investors while ensuring transactions are conducted in accordance with market regulations.

The Ethiopian Securities Exchange has been steadily expanding both its membership base and listed securities as part of broader financial sector reforms aimed at creating new avenues for investment and corporate fundraising.

The addition of Prime Capital increases the Exchange’s network of licensed trading members to eight, further strengthening the institutional framework supporting Ethiopia’s emerging capital market.