Category
194 articles
BusinessEthio 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
TELE+3.81%
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
Capital MarketBank of Abyssinia (BOA) has officially been listed on the Ethiopian Securities Exchange (ESX) Main Market, becoming one of Ethiopia’s pioneering publicly listed companies and marking another milestone in the country’s developing capital market. The listing was celebrated with a ceremonial bell-ringing event at the Ethiopian Securities Exchange, attended by representatives from the Government of
BOAX-0.11%
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has registered an additional 3,876,031 existing shares of Wegagen Bank S.C., lifting the lender’s total registered securities to 10,094,666. In a public notice, the Authority said it approved Wegagen’s Registration Statement on July 24, 2026, adding the new tranche to the 6,218,635 shares the bank had previously registered and
WGBX+5.39%
