The National Bank of Ethiopia has officially launched the full-fledged Central Securities Depository (CSD) system and unveiled the country’s first National Investor Portal, Ts’ega, effective 22 November 2025. This milestone marks a major advancement in Ethiopia’s efforts to build a transparent, efficient, and fully digital capital market ecosystem.
The launch of the CSD represents a significant upgrade to the country’s financial market infrastructure. A Central Securities Depository is a core component of modern financial systems, enabling the smooth and secure functioning of monetary policy instruments and the primary securities market. It ensures the safekeeping of securities and manages the full post-trade lifecycle, including transfer of ownership, clearing, settlement, and portfolio reporting. By introducing this system, the National Bank of Ethiopia strengthens market integrity, enhances efficiency, and reduces operational risk—aligning Ethiopia with international best practices.
Alongside the CSD, NBE has introduced Ts’ega, Ethiopia’s first digital platform that allows individual investors that provides direct access to your securities information. Ts’ega is a digital platform that gives individual and institutional investors secure, real-time access to the securities information recorded in the Central Securities Depository 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. This represents an important step in expanding access to financial markets and advancing financial inclusion.
In addition to strengthening national market infrastructure, the CSD delivers a comprehensive suite of private securities services that support the growth of Ethiopia’s capital market. These include:
• Private Securities Dematerialization – transitioning physical certificates into secure electronic form
• Centralized Custody – providing a single, trusted repository for safekeeping private securities
• Post-Trade Orchestration – facilitating efficient clearing and settlement of private securities transactions
• Corporate Actions Processing – managing dividends, bonus issues, stock splits, and other issuer-driven events
These capabilities enhance transparency, reduce operational risks, and modernize the way private securities are managed and recorded across the market.
The go-live of the full-fledged CSD and the launch of Ts’ega also support several pillars of NBE’s 2023–2026 strategic plan. These include the transition toward a market-based monetary policy regime, the strengthening of data analysis and research capabilities for policy making, the promotion of digitization and broad financial inclusion, and the drive toward institutional excellence across people, processes, and technology. Together, these advancements create stronger foundations for Ethiopia’s evolving capital market and monetary policy framework.
NBE emphasizes that the activation of the enhanced CSD and the launch of the Ts’ega Investor Portal, accessible at csdtsega.nbe.gov.et, do not introduce any operational changes for banks, settlement institutions, or intermediaries. All existing processes remain fully intact, and market participants can continue their operations without disruption.
To encourage early engagement and gather user feedback, the National Bank of Ethiopia is selecting the first fifty individuals who wish to install and test the Ts’ega Investor Portal mobile application once it becomes available. Interested users may submit their name and email address using the form provided at nbe.gov.et/csd. Those selected will receive early access to the application and will be recognized as among the first users of the Ts’ega mobile experience.
The launch of the CSD and Ts’ega marks a transformative moment in Ethiopia’s financial sector development—supporting transparency, strengthening market confidence, and opening new pathways for Ethiopian investors to participate in the country’s economic growth.
