WELCOME TO THE CENTRAL SECURITIES DEPOSITORY (CSD)
The Central Securities Depository (CSD) of Ethiopia is a robust, automated platform that provides secure and efficient primary market post-trade services for the capital market ecosystem in Ethiopia. As Ethiopia recently launched its capital market with the Ethiopian Securities Exchange (ESX), the CSD is essential in facilitating transparent and seamless securities settlement, registration, and custody services. The National Bank of Ethiopia (NBE) oversees the CSD's operations, ensuring it meets global standards for securities settlement and risk management, safeguarding both investors and issuers.
Core Objectives
CSD’s core objectives are designed to safeguard market stability, support monetary policy, and strengthen Ethiopia’s emerging capital market infrastructure.
Efficient & Secure Markets
Ensure the smooth, secure, and efficient functioning of both government and private securities markets.
Support Monetary Policy
Support the effectiveness of monetary policy through the implementation of Open Market Operations (OMO).
Government Debt Management
Enhance efficient government debt management by streamlining government securities issuance and processing.
Capital Market Infrastructure
Support the country’s capital market through private securities services:
- Private securities dematerialization
- Centralized custody with secure electronic safekeeping
- Post-trade orchestration for efficient clearing and settlement
- Corporate actions processing including dividends, bonus issues, splits, and more.
VISION
To support the growth and modernization of Ethiopia’s capital market by providing a world-class, automated post-trade infrastructure that increases market security, efficiency, and accessibility.
MISSION
The CSD aims to provide comprehensive and cutting-edge solutions for securities settlement and depository services. This includes dematerializing securities, enabling seamless trade processing, and supporting all transactions with increased security and transparency.
CSD Functions
The Central Securities Depository underpins Ethiopia’s financial market by providing secure depository, accurate corporate actions handling, and reliable post-trade processing.
Depository of Securities
Securities are registered, verified, and lodged at the Central Securities Depository in strict compliance with regulations.
Corporate Actions
The CSD authenticates amendments including stock splits, mergers, capital adjustments, and updates by issuers.
Clearing & Settlement
The CSD manages clearance procedures and ensures all settlements comply with custodian agreements.
Primary Market Auction Platform
Executes IPOs for both debt and equity financial instruments through an auction function.
CSD ETHIOPIA
Frequently Asked Questions
Your guide to understanding Ethiopia’s Central Securities Depository.
CSD in Numbers
Key participation, custody and transaction metrics that reflect the growing scale of Ethiopia’s Central Securities Depository.
Direct Participants
38 institutions
Including 3 licensed capital market service providers connected to the CSD.
CSD Users
103
CSD maintained users.
Securities Issuers
5 issuers
Equity and debt instrument issuers whose securities are admitted on the CSD.
Registered Instruments
3 equities
Plus Government T-bond and T-bill instruments lodged and maintained in the CSD.
Clients for Active Trading
2,000+
Clients onboarded via capital market service providers for active trading.
Clients on dematerialization
57,000+
Investors registered on dematerialization, extending access to digital securities services.
Custody Services
| Type of Financial Instrument | Quantity on CSD | Value on CSD |
|---|---|---|
| T-Bill | 24 | > 100 billion |
| T-Bond | 88 | > 24 billion |
| Equity | 3 | > 15 billion |
| OMO | 4 | > 615 billion |
| Total | 119 | > 754 billion |
Transaction Volume
| Type of Transaction | Quantity Processed | Value Processed |
|---|---|---|
| FOP | > 55,000 | > 25.4 billion |
| DvP | 200 | > 600 billion |
| Stock Exchange | 80 | > 2.8 million |
| Total | > 55,000 | > 625.4 billion |
Become a First Early Adopter
NBE is selecting the first 50 individuals who wish to install and test the Investor Portal mobile application upon release.If you would like to be considered, please provide your Name and Email Address below.
Selected participants will receive early access and will be acknowledged as among the first users of the Investor Portal mobile application.
➡️ Register Here: Below
KEY STAKEHOLDERS
Tsega Investor Portal–
Direct Access to Your Securities Information
Tsega is a digital platform that gives individual and institutional investors secure, real-time access to the securities information recorded in the Central Securities Depository (CSD).
It is the first application in Ethiopia that allows investors to view their holdings directly from the national depository, without relying on manual updates from intermediaries.
What Investors Can Do on the Portal
- View their securities portfolio in real time
- Monitor purchases, transfers, and redemptions
- Track interest, dividends, and rights allocations
- Access detailed instrument information
- Manage their profile securely
- Analyze charts and investment activity
- Receive notifications on new transactions
How It Works
- 1Investors create a profile on the Tsega web portal.
- 2Verified holdings and transactions display instantly in real time.