Wegagen Bank WGBX

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Wegagen Bank news

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  Capital Market

  ECMA Registers Additional 3.88 Million Wegagen Bank Shares, Total Reaches 10.09 Million

  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

  StockMarket.et28 Jul 20262 min read
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  Banking & Finance

  Wegagen Bank Reports 73% Profit Surge, Surpasses Capital Requirement Ahead of Schedule

  Wegagen Bank S.C. reported a 73% year-on-year surge in gross profit to 3.85 billion birr ($66.5 million), marking one of its strongest financial performances in years, the bank said on Tuesday. At its annual general meeting held at the Hilton Hotel, Board Chairman Abdishu Hussien said the bank’s earnings were driven by robust income growth,

  StockMarket.et7 Oct 20252 min read
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  Capital Market

  Why Bank-Only Financing Is Holding Ethiopia Back And How Capital Markets Change Everything

  On a Friday morning in January 2025, Prime Minister Abiy Ahmed walked onto a trading floor in Addis Ababa and rang a bell. There were no traders shouting on the floor. There was no opening tick of a long-running ticker. There was, in fact, only one company listed, Wegagen Bank and the screens behind him

  Yesuf Hadji4 May 202610 min read
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