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Wegagen Bank S.C., the first company to list on the Ethiopian Securities Exchange (ESX), reported a 13.6 percent rise in net profit for the 2025/26 financial year. A sharp expansion in its capital base, however, pushed per-share earnings down. For shareholders in one of the market’s reference stocks, that gap now matters most. The bank
The 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
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Awash Bank (AWAB) dominated trading on the Ethiopian Securities Exchange (ESX) on Wednesday, with 16,522 shares changing hands, nearly 17 times the 986 shares traded in the previous session. The surge lifted total mainboard volume to about 22,014 shares, up from 4,009 on Tuesday. AWAB alone accounted for roughly 75% of the day’s traded volume,
