To invest in Ethiopian Treasury Bills, your first practical step is to open a brokerage account with a licensed market intermediary.
What is a licensed intermediary?
A licensed intermediary is an approved capital market service provider that helps investors access securities such as Treasury Bills. In Ethiopia, this may be an investment bank, securities dealer, or broker, depending on the services they are licensed to provide.
- Investment bank
- A licensed institution that supports capital market transactions, including helping investors access securities, providing investment-related services, and facilitating participation in instruments such as Treasury Bills.
- Securities dealer
- A licensed firm that can buy and sell securities and may facilitate Treasury Bill transactions for investors, depending on its approved services.
- Broker
- A licensed intermediary that connects investors to the securities market by receiving investor instructions and facilitating buy or sell orders on their behalf.
Always confirm your intermediary is licensed before opening an account — view ECMA-approved intermediaries →
How a licensed intermediary supports participation
Individual investors do not take part in the Treasury Bill auction by themselves. A licensed intermediary is the investor’s main access point to the market. They typically help you:
Open an investment account
Complete onboarding and documentation
Submit auction bids
Handle transaction execution
Support settlement and investment processing
Provide participation guidance
Ready to take the first step?
Open a Brokerage Account