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BusinessVodacom Group has completed its acquisition of an additional 20% effective stake in Safaricom, increasing its ownership to approximately 55% and giving it majority control of one of Africa’s largest telecommunications and fintech companies. The transaction, valued at $2.1 billion (R35 billion), was finalized after Kenya’s Court of Appeal stayed a conservatory order on June
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved the registration of 5 million existing shares of Addis Bank S.C., marking another milestone in the development of Ethiopia’s capital market. In a public notice issued on Tuesday, ECMA announced that it approved Addis Bank’s Registration Statement on June 29, 2026, registering 5,000,000 shares currently held by
Abay Bank has officially become the fifth company to list its shares on the Ethiopian Securities Exchange (ESX), marking another step in the development of Ethiopia’s emerging capital market. The listing was commemorated through a bell-ringing ceremony hosted by ESX, bringing together market participants, regulators, investors, and representatives of the bank. Abay Bank joins four
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Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved the registration of Bunna Bank S.C.’s securities, marking another step in the formalization of Ethiopia’s emerging capital market. In a notice issued on June 23, 2026, ECMA announced that it had registered a total of 61.9 million shares already held by Bunna Bank shareholders and approved the
Capital MarketKME Minerals (Ethiopia) Holding S.C., a subsidiary of KEFI Gold and Copper Plc, has appointed CBE Capital Investment Bank as adviser for the proposed issuance of US dollar-denominated, ETB-settled, gold-linked preference shares to selected Ethiopian financial institutions. The announcement was made during the Ethio-British Business Investment Forum held in London. According to the company, the
Capital MarketThe Ethiopian Capital Market Authority has launched a new mobile application aimed at improving investor access to information, education, and participation in Ethiopia’s growing capital market. According to the Authority, the application was designed with inclusivity in mind, enabling users to access key features even without an internet connection. The platform is intended to ensure
Capital MarketThe Ethiopian Securities Exchange (ESX) has recorded a major milestone, with equity transactions reaching approximately 1 billion birr this week, according to ESX Chief Executive Officer Dr. Tilahun Esmael Kassahun. Speaking on the progress of Ethiopia’s capital market, the CEO noted that while similar transaction volumes are often achieved within a single day in some
Capital MarketEthiopia’s capital market is still young. The institutions are new. The regulations are evolving. The ecosystem is taking shape almost in real time. Yet amid this period of transformation, another story is unfolding, one that may prove just as important as the market’s infrastructure itself. It is the emergence of a new generation of professionals
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has granted a Capital Market Service Provider (CMSP) license to United Capital Financial Services PLC, a subsidiary of Nigeria-based United Capital Group, making it the first foreign investment bank to establish a licensed subsidiary in Ethiopia. The license, issued on June 5, authorizes the company to operate under the
Capital MarketEthiopia’s Interbank Money Market (IMM) has exceeded 3 trillion birr in cumulative transaction value, marking a major milestone in the country’s ongoing financial-sector reforms and highlighting the rapid adoption of market-based liquidity management among commercial banks. The achievement comes less than two years after the market was launched in October 2024 on the Ethiopian Securities
Capital MarketEthio Telecom has achieved a major milestone as it officially listed on the Ethiopian Securities Exchange, paving the way for its shareholders to freely trade shares on the stock market. According to the latest update, 96% of investors who purchased Ethio Telecom shares have successfully completed verification and are now recognized as verified shareholders. Key
TELE+3.81%Capital MarketThe Ethiopian Capital Market Authority (ECMA) has issued a public warning against an unregistered share sale being promoted by “Gezana General Trading Joint Stock Company,” stating that the company has been offering securities to the public without regulatory approval. According to the Authority, Gezana General Trading has been advertising investment opportunities linked to the planned
