The Ethiopian Securities Exchange (ESX) has announced significant progress in its listing pipeline, with several major financial institutions moving closer to joining the Exchange’s Main Market.
In an official update, ESX confirmed that leading banks have received “Approval in Principle” (AIP) to list their shares, marking a key milestone in Ethiopia’s emerging capital market.
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Among the institutions advancing toward listing are Awash Bank, Dashen Bank, Bank of Abyssinia, Abay Bank, Anbesa Bank, and Amhara Bank.
For most of these institutions, ESX has granted Approval in Principle to list on the Main Market. The next step in the process involves finalizing securities registration with the Ethiopian Capital Market Authority (ECMA) and publishing a prospectus.
Notably, Dashen Bank and Bank of Abyssinia have already finalized their securities registration and published their prospectuses, positioning them closer to formal listing and public trading.
The Exchange expressed enthusiasm about welcoming both financial and non-financial institutions preparing for listing before the end of the fiscal year. ESX also encouraged potential investors to open investment accounts through licensed market intermediaries and exchange members to participate in the growing capital market.
As Ethiopia accelerates its capital market development, the listing of major banks is expected to deepen market liquidity, enhance transparency, and expand investment opportunities for both retail and institutional investors.
ESX reiterated its readiness to support other companies currently preparing for listing, signaling continued momentum in the country’s capital market evolution.
