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Capital MarketEthio Telecom shares are trading at 900 birr on Monday, up 5.63% on the day and three times the 300 birr price at which the government sold them to the public less than two years ago. For a stock that has traded on the Ethiopian Securities Exchange (ESX) for barely six weeks, TELE has already
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved the registration of securities of Gadaa Bank S.C., comprising 230,713 existing shares already held by shareholders and one million new shares, marking continued progress in the bank’s participation in Ethiopia’s capital market. In a public notice issued on July 06, 2026, ECMA announced that on June 29,
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Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved the registration of securities of Zam Zam Bank S.C., comprising five million existing shares already held by shareholders and one million new shares approved for offer, marking another milestone in the development of Ethiopia’s capital market. In a public notice issued on July 06, 2026, ECMA announced
Capital MarketZamZam Bank S.C. has become the first full-fledged interest-free bank in Ethiopia to receive share registration approval from the Ethiopian Capital Market Authority (ECMA), marking a significant milestone for both the bank and the country’s emerging capital market. According to the bank, ECMA has officially approved its prospectus, covering the registration of its existing 5
Capital MarketThe Ethiopian Securities Exchange (ESX) has officially admitted Prime Capital S.C. as a Trading Member, expanding the number of licensed intermediaries on the country’s organized securities market to eight. The admission was marked by a certification ceremony held on the Exchange Trading Floor after Prime Capital successfully obtained its license from the Ethiopian Capital Market
Banking & FinanceAwash Bank has reported a gross profit of 40.7 billion birr for the 2025/26 financial year, according to the bank’s annual performance report, marking its first full-year results since listing on the Ethiopian Securities Exchange (ESX). The bank announced that total deposits reached 467.8 billion birr, while total assets climbed to 622 billion birr and
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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
Capital MarketAbay 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
