Ethiopia Launches Digital Stock Trading Platform to Expand Investor Access

The Ethiopian Securities Exchange has launched “Neway”, a web and mobile trading platform for investors which allows users to open accounts, trade securities, and monitor portfolios online. The platform is designed to make it easier for Ethiopian investors to access the country’s stock market while modernizing the infrastructure of the recently established exchange.

Developed in partnership with technology company Infotech Private Limited, the platform allows investors to carry out basic trading operations entirely online. It is said to be integrated with the exchange’s internal systems, including the Broker Back Office (BBO) platform and the order management system used by ESX member brokers to streamline brokerage operations, including client registration, order management, and reporting.

Tilahun Esmael Kassahun, Chief Executive Officer of the Ethiopian Securities Exchange, said the platform allows investors to access the market anytime and from anywhere. By making the market more accessible, he said, the exchange hopes to enable more Ethiopians to participate directly in the country’s economic growth while expanding inclusion in the capital market.

The application is available on both iOS and Android and according to data from the Google Play Store, it has already been downloaded more than 500 times.

The launch comes as Ethiopia continues to reform its financial sector and initiatives such as Neway are expected to help position Ethiopia as one of Africa’s more dynamic emerging financial markets.