Ethiopia Central Securities Depository (CSD) System

A briefing by FSD Africa detailing a project to support the National Bank of Ethiopia in the acquisition and implementation of a Central Securities Depository (CSD) and Settlement System to modernize the country's capital markets.

• The National Bank of Ethiopia (NBE) is implementing a Central Securities Depository (CSD) and Settlement System, which will start with government securities and can later expand to include funds, equities, and corporate debt securities.
• The CSD system is intended to improve the integrity, transparency, and efficiency of securities transfers and recordkeeping, which is expected to lower transaction costs, reduce risk, and attract a more diverse range of investors, including those from abroad.
• The project's current status includes the development of terms of reference for the system's procurement and ongoing discussions regarding a tripartite Memorandum of Understanding (MOU) between the Ministry of Finance of Ethiopia, the NBE, and FSD Africa.

APA

FSD Africa (2022). Ethiopia Central Securities Depository (CSD) System. https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Ethiopia-CSD-Reviewed-JG.-doc-1.pdf

Chicago

FSD Africa. Ethiopia Central Securities Depository (CSD) System. 2022. https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Ethiopia-CSD-Reviewed-JG.-doc-1.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=Ethiopia Central Securities Depository (CSD) System |date=October 2022 |url=https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Ethiopia-CSD-Reviewed-JG.-doc-1.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2022ethiopia, author = {{FSD Africa}}, title = {{Ethiopia Central Securities Depository (CSD) System}}, institution = {FSD Africa}, year = {2022}, month = oct, url = {https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Ethiopia-CSD-Reviewed-JG.-doc-1.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }