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Major Banks Edge Closer to ESX Main Market Debut


Major Banks Edge Closer to ESX Main Market Debut

The Ethiopian Securities Exchange (ESX) has identified six banks progressing toward listing on its Securities Market targeting nine more companies before the end of the fiscal years. Anbesa Bank, Awash Bank, Abay Bank, and Amhara Bank have advanced in finalising their securities registration with ECMA and preparing their prospectuses, earning ESX’s approval in principle for listing. Meanwhile, Bank of Abyssinia and Dashen Bank have also received ESX’s approval in principle and are next to complete their registration and prospectus publication. The announcement, shared on ESX’s official page, highlights major Security issuers moving toward Main Market debut. Currently, the Main Market features a limited number of listings, including Wegagen Bank, Gadaa Bank, Habesha Breweries, and Ethio telecom through IPO offerings.

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Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...