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Capital MarketStockMarket.et looked beyond the fee schedules to find out what it actually costs investors to trade securities in Ethiopia’s emerging capital market. While six licensed intermediaries have published their rates, the total cost of a transaction also includes statutory fees charged by the Ethiopian Securities Exchange (ESX) and the Ethiopian Capital Market Authority (ECMA). Statutory
Capital MarketThe Ethiopian Securities Exchange (ESX) has granted approval in principle to 11 companies seeking to list their shares, a pipeline that would nearly triple the size of the market if every one of them completes the process. The first of the approved firms, a financial-services company that the exchange declined to name, is scheduled to
Ethio Telecom has set a revenue target of 295 billion birr for the 2019 Ethiopian fiscal year, representing a 36.7 percent increase from the 215.82 billion birr it generated in the previous fiscal year. The state-owned telecom operator announced the target on September 3 during a press conference outlining its major plans for the new
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Capital MarketiCAPITAL Investment Partners has announced that the Ethiopian Capital Market Authority (ECMA) has approved the registration of Enat Bank S.C.’s existing shares, marking the firm’s fifth successful regulatory registration in Ethiopia’s emerging capital market. The approval adds Enat Bank to iCAPITAL’s growing portfolio of capital market advisory engagements, following similar registrations involving Awash Bank S.C.,
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has granted an Investment Bank license to D and T Ethiopia Management Consulting PLC, commonly known as Deloitte Ethiopia, following the completion of its license application assessment. Deloitte Ethiopia, which previously operated as a Securities Investment Advisor, is now authorized to provide non-brokerage investment banking services, including facilitating mergers
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved the registration of 6,785,310 existing shares of Enat Bank S.C., marking another step in the bank’s participation in Ethiopia’s emerging capital market. In a notice issued on August 27, 2026, ECMA said it had approved Enat Bank’s Registration Statement and registered the existing shares held by shareholders.
Capital MarketWegagen Capital Investment Bank S.C. reported total revenue of ETB 140.99 million and profit before tax of ETB 46.58 million for the financial year ended June 30, 2026, its first full year of operations, in results presented to shareholders at Kuriftu Resort in Bishoftu. The results imply a pre-tax margin of roughly 33 percent, a
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has registered a total of 234,388 ordinary shares of Meba Microfinance Institute S.C., comprising 34,388 existing shares and 200,000 new shares approved for issuance through a rights offer to existing shareholders. The Authority approved Meba’s Registration Statement in accordance with Article 75 of the Capital Market Proclamation No. 1248/2021
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved the registration of 11,665,497 existing shares of Hibret Bank S.C., marking another step in the bank’s securities being brought under the capital market regulatory framework. ECMA said it approved Hibret Bank’s Registration Statement on August 6, 2026, in accordance with the Capital Market Proclamation No. 1248/2021 and
Capital MarketThe Ethiopian Securities Exchange (ESX) has announced the departure of its founding Chief Executive Officer, Tilahun Esmael Kassahun (PhD), with the Board of Directors appointing Yodit Kassa as his successor. In a statement issued Friday, ESX thanked Tilahun for his “visionary leadership and invaluable contribution” to establishing Ethiopia’s securities exchange and congratulated Yodit on her
Capital MarketEnat Bank has signed a Memorandum of Understanding (MOU) with I Capital Africa Institute and FSD Ethiopia to support the development of Ethiopia’s first private-sector Gender Bond. The partnership will focus on key activities required before and after the issuance of the bond, including structuring, regulatory compliance, investor engagement, launch activities, and post-issuance management in
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved the registration of securities of Nib Insurance S.C., marking another step in the development of Ethiopia’s capital market. According to a notice issued by ECMA, the Authority approved the company’s Registration Statement on July 28, 2026, and registered a total of 2,818,305 shares. The registered securities include
