Ethio Telecom has launched a trading system on the Ethiopian Securities Exchange allowing verified shareholders to buy sell and transfer shares. The move follows nearly 11 months of preparation after the company offered 10 percent of shares to the public. Trading began on 26 May 2026.
Ethio Telecom completed its shift from a state owned enterprise to a share company and became the first such firm listed on the Ethiopian Securities Exchange. The company spent nearly 11 months aligning its processes with the commercial code and rules from the Ethiopian Capital Market Authority.
CEO Frehiwot Tamiru said 96 percent of registered subscribers representing 45 000 shareholders had their data verified. These shareholders hold 10.1 million shares valued at over 3 billion Birr and can now use the new platform.
Director General Hana Tehelku of the Ethiopian Capital Market Authority said the listing resulted from new regulatory frameworks that promote transparency. She added that the step will expand the depth of the capital market.
Frehiwot Tamiru noted that 3.4 percent of applicants could not complete the process. This included 1 646 people who did not submit National ID numbers and 248 non Ethiopian nationals. The company will refund their payments.