Bank of Abyssinia Becomes Sixth Company Listed on Ethiopian Securities Exchange

Bank of Abyssinia (BOA) has officially been listed on the Ethiopian Securities Exchange (ESX) Main Market, becoming one of Ethiopia’s pioneering publicly listed companies and marking another milestone in the country’s developing capital market.

The listing was celebrated with a ceremonial bell-ringing event at the Ethiopian Securities Exchange, attended by representatives from the Government of Ethiopia, the Ethiopian Capital Market Authority (ECMA), the National Bank of Ethiopia (NBE), Bank of Abyssinia’s Board of Directors and executive management, investors, market participants, and development partners.

With more than two decades of operations, Bank of Abyssinia said its transition to a publicly listed company marks a new phase in its growth, strengthening its commitment to transparency, corporate governance, accountability to shareholders, and broader engagement with investors.

Speaking during the ceremony, Tilahun Esmael Kassahun (PhD), Chief Executive Officer of the Ethiopian Securities Exchange, said the listing reflects growing confidence in Ethiopia’s capital market institutions.

“Every new listing strengthens the foundation of Ethiopia’s capital market. Bank of Abyssinia’s decision to list reflects confidence in the country’s market institutions and demonstrates how established Ethiopian companies are embracing higher standards of governance, transparency, and investor engagement,” he said.

The listing expands the range of investment opportunities available on the Exchange and is expected to contribute to a deeper and more liquid securities market. ESX said that as more companies list their shares, the exchange will continue to play a greater role in mobilizing long-term capital, supporting private sector growth, and creating new investment opportunities for Ethiopian investors.

According to ESX, Bank of Abyssinia completed all regulatory and listing requirements set by both the Ethiopian Securities Exchange and the Ethiopian Capital Market Authority before joining the Main Market.

Bank of Abyssinia will trade on the Ethiopian Securities Exchange under the ticker symbol BOAX.