Building Trading Technology for Ethiopia's Licensed Brokers
We are a technology vendor building the digital securities trading platform that connects Ethiopian and international investors to the ESX through licensed broker and dealer partners.
Trading technology for licensed Ethiopian brokers and dealers. A consumer-facing app your customers trade on, a back-office your staff runs on, and the infrastructure that connects it all to ESX.
Why Now
ESX launched in January 2025. Three companies are listed, 90,000+ shareholders are trading, and 14+ capital market service providers are licensed. The infrastructure race is on, and brokers who move early will define the market.
Our Approach
We are a technology vendor, not a broker. We build and operate the software; you hold the license and the customer relationship. Each broker gets their own deployment, their own database, their own brand. We grow when you grow.
Where We Are
The platform is built. Consumer web and mobile apps, broker back-office, paper trading, multilingual support in English and Amharic, and an AI assistant. We are seeking licensed broker and dealer partners to deploy with.
Built to make your brokerage stronger
We succeed when our broker partners succeed. The software, the infrastructure, the ongoing improvements, all of it exists to make your brokerage more capable and your customers better served. Partnering with EthioShare is not a cost center; it is an investment in your own capacity to compete.
Our Journey
From a bold idea to building trading technology for Ethiopia's capital market
The Idea
The Ethiopian Government ratifies the Capital Market Proclamation (No. 1248/2021) in July, establishing the legal framework for a securities exchange and signaling a historic shift toward an open financial economy.
Inspired by the lack of accessible investment systems in Ethiopia, EthioShare is conceived. At the time, buying and selling shares required knowing a human broker — there was no digital alternative. The original vision was a peer-to-peer digital marketplace connecting buyers and sellers of shares directly.
The Idea
The Ethiopian Government ratifies the Capital Market Proclamation (No. 1248/2021) in July, establishing the legal framework for a securities exchange and signaling a historic shift toward an open financial economy.
Inspired by the lack of accessible investment systems in Ethiopia, EthioShare is conceived. At the time, buying and selling shares required knowing a human broker — there was no digital alternative. The original vision was a peer-to-peer digital marketplace connecting buyers and sellers of shares directly.
The Pivot
The Ethiopian Capital Market Authority (ECMA) becomes operational. Feasibility studies and institutional groundwork for the Ethiopian Securities Exchange (ESX) begin, moving from a legal framework toward a physical roadmap for the exchange.
As the regulatory landscape takes shape, EthioShare pivots from a peer-to-peer marketplace to building a full brokerage platform. The team begins developing the trading infrastructure, user experience, and backend systems needed to operate as a licensed broker in the emerging capital market.
The Pivot
The Ethiopian Capital Market Authority (ECMA) becomes operational. Feasibility studies and institutional groundwork for the Ethiopian Securities Exchange (ESX) begin, moving from a legal framework toward a physical roadmap for the exchange.
As the regulatory landscape takes shape, EthioShare pivots from a peer-to-peer marketplace to building a full brokerage platform. The team begins developing the trading infrastructure, user experience, and backend systems needed to operate as a licensed broker in the emerging capital market.
The Sub-Broker Framework
ECMA issues Directive No. 980/2024, establishing the regulatory framework for securities brokers, dealers, and digital sub-brokers. The directive defines licensing requirements, capital thresholds, and operational standards for digital intermediaries.
With the new directive clarifying the path for digital platforms, EthioShare pivots again — this time from building a brokerage to becoming a technology vendor for licensed brokers. The platform is rebuilt as a microservices architecture designed to operate under licensed broker/dealer sponsors, focusing on the consumer trading experience and broker administration tooling.
The Sub-Broker Framework
ECMA issues Directive No. 980/2024, establishing the regulatory framework for securities brokers, dealers, and digital sub-brokers. The directive defines licensing requirements, capital thresholds, and operational standards for digital intermediaries.
With the new directive clarifying the path for digital platforms, EthioShare pivots again — this time from building a brokerage to becoming a technology vendor for licensed brokers. The platform is rebuilt as a microservices architecture designed to operate under licensed broker/dealer sponsors, focusing on the consumer trading experience and broker administration tooling.
ESX Goes Live
Prime Minister Abiy Ahmed officially launches the Ethiopian Securities Exchange on January 10, 2025. Wegagen Bank becomes the first listed company. Licensed brokers and dealers begin trading.
EthioShare completes its core platform build — including a consumer mobile and web app with paper trading, a multilingual AI financial assistant (Tibeb), and a broker administration portal. The team begins regulatory alignment work under Directive 980/2024 as a technology vendor serving licensed brokers.
ESX Goes Live
Prime Minister Abiy Ahmed officially launches the Ethiopian Securities Exchange on January 10, 2025. Wegagen Bank becomes the first listed company. Licensed brokers and dealers begin trading.
EthioShare completes its core platform build — including a consumer mobile and web app with paper trading, a multilingual AI financial assistant (Tibeb), and a broker administration portal. The team begins regulatory alignment work under Directive 980/2024 as a technology vendor serving licensed brokers.
Building Partnerships
The Ethiopian capital market enters its first full cycle of operation. Nine capital market service providers are licensed by ECMA. ESX targets 50 listed companies and 3 million retail investors by 2029.
EthioShare is actively engaging with ESX leadership and seeking licensed securities brokers and dealers as sponsoring partners to bring accessible, multilingual digital trading to millions of Ethiopian investors.
Building Partnerships
The Ethiopian capital market enters its first full cycle of operation. Nine capital market service providers are licensed by ECMA. ESX targets 50 listed companies and 3 million retail investors by 2029.
EthioShare is actively engaging with ESX leadership and seeking licensed securities brokers and dealers as sponsoring partners to bring accessible, multilingual digital trading to millions of Ethiopian investors.
Meet the Founding Team
Tsega
Chief Executive Officer
Software Engineering at Doordash. Computer Science graduate from the University of SouthFlorida. Previous software engineer at Amazon. -
