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Capital MarketPrize Worth Investment Bank S.C. has joined the Ethiopian Securities Exchange (ESX) as a Trading Member. The admission brings the number of firms licensed to trade on the bourse to nine. The investment bank received its membership certificate on Thursday at a ceremony at the Exchange’s head office. It was admitted after securing a license
BusinessNigerian billionaire Aliko Dangote says his group has bought a 25% stake in Kenya Pipeline Company (KPC), expanding his energy business in East Africa. Dangote, founder and chief executive of Dangote Industries Ltd., announced the purchase at an event in London on Wednesday, Bloomberg reports. He did not name which of his companies made the
1. Your savings, sitting still You put a little money aside every month. It goes into a savings account, and there it sits. Prices climb faster than your interest does, so each year your savings quietly buy a little less. You have heard about the new stock exchange in Addis Ababa, but which company would
Banking & FinanceEthiopia’s Interbank Money Market (IMM) has surpassed ETB 4 trillion in cumulative transaction volume, a new milestone that shows how quickly commercial banks are shifting to market-driven liquidity management less than two years after the platform opened. The market began operating in October 2024. The National Bank of Ethiopia (NBE) runs it, and trades are
Capital MarketAliko Dangote, Africa’s richest man, told Ethiopian investors on Thursday that his group’s commitment to Ethiopia “has no limit,” as shares in his giant Nigerian oil refinery were formally opened to qualified Ethiopian buyers for the first time. Speaking at the Dangote IPO Ethiopia Investor Roadshow, hosted by the Ethiopian Securities Exchange (ESX) at the
Capital MarketThe Ethiopian Capital Market Authority (ECMA) said any marketing or sale of Dangote Petroleum Refinery and Petrochemicals shares in Ethiopia must be limited to qualified investors. The ruling keeps Ethiopian retail investors out of what has been billed as Africa’s largest initial public offering. In a public notice issued on Tuesday, the regulator said it
Capital MarketPrime Minister Abiy Ahmed has appointed Dagmawit Shiferaw as Director General of the Ethiopian Capital Market Authority, replacing Hana Tehelku, who moves to lead the Ethiopian Investment Commission as part of a wider reshuffle of senior economic posts. Yirgalem Assefa (PhD) has been named Deputy Director General of ECMA. The appointments place new leadership at
Capital MarketAbay Bank reported a profit before tax of Birr 6.22 billion for the financial year ended June 30, 2026, up 47.6% from Birr 4.22 billion a year earlier, according to audited financial statements reported by Ethiopian Business Review. The bank’s net profit after tax reached Birr 4.55 billion after an income tax charge of Birr
ABAYB+2.62%
Capital MarketKenya’s Capital Markets Authority (CMA) has approved several licensed intermediaries to facilitate Kenyan investors’ participation in the Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals (DPRP) in Nigeria. The CMA said the move follows its earlier communication on approval by Nigeria’s Securities and Exchange Commission for Kenya’s Global Depository Receipt (GDR) investors to
Capital MarketThe Ethiopian Securities Exchange (ESX) recorded ETB 510.05 million in equity turnover for the week of September 28 to October 2, 2026, across 525 trades and 215,325 shares in its seven listed securities. The half-billion-birr total is the headline. Underneath it, the week was mostly the story of one stock trading heavily and six trading
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has approved the registration of 2,101,106 existing shares of Rammis Bank S.C., marking another step in the bank’s participation in Ethiopia’s developing capital market. ECMA approved Rammis Bank’s Registration Statement on September 30, 2026, registering the shares currently held by the bank’s shareholders. The registration was made pursuant to
Capital MarketYetebaberut Beherawut Petroleum S.C. has joined the growing number of companies registering securities with Ethiopia’s capital market regulator, in a process that has so far been dominated by financial-sector companies. The Ethiopian Capital Market Authority (ECMA) announced that it approved Yetebaberut Beherawut Petroleum’s Registration Statement on September 30, 2026, registering 160,000 existing shares held by
