Meet our team
Organizational Structure
The Ethiopian Securities Exchange is organized as a share company in accordance with the Commercial Code of Ethiopia (2021). ESX implements a corporate organization and governance framework following international best practices.
- Having a Board of directors, where at least 1/3 will be independent, including representatives from the financial and capital market ecosystem including issuers and investors etc.
- Having dedicated market committees for both equity and fixed income markets that deal with the regulatory and delegated enforcement functions of ESX.
- Separate by ‘ring fencing’ the operation and governance of the market from shareholders interest on the exchange.
- Building an efficient management and human resource strategy that caters for the development stages of the exchange.
Board of Directors
Mr. Helaway Tadesse - Chairman
Senior macro-economic advisor at the National Bank of Ethiopia.
Eleni Gabre-Medhin (Ph.D) - Member
Chief Innovation Officer at UNDP’s Regional Bureau for Africa
Fekadu Petros - Member
Managing Partner of Fekadu Petros & Partners Law Office
Tewodros Mekonen (Ph.D) - Member
Senior Country Economist
Yasmin Wohabrebbi -Member
State minister, for Ministry of Trade and Regional Integration.
Mr. Zemedeneh Nigatu - Member
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Hinjat Shamil - Member - Member
Reform Advisor at the Ministry of Finance
Capital market regulatory environment
ESX will serve as a licensed securities exchange platform by the ECMA in line with Article 30 and 31 of the Capital Market Proclamation No.1248/2021. ECMA is the apex regulator of the capital markets in Ethiopia and is responsible for setting the legal framework and regulating entities interested in participating ESX.
