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Capital MarketThe African Development Bank (AfDB) has approved a $400,000 technical assistance grant to support Ethiopia’s efforts to build a vibrant and inclusive capital market. The funding, sourced from the Capital Markets Development Trust Fund (CMDTF), will strengthen both the Ethiopian Capital Market Authority (ECMA) and the Ethiopian Securities Exchange (ESX). This grant falls under the
Banking & FinanceThey were the new kids on the block just three years ago. Now, they’re ringing the bell at the Ethiopian Securities Exchange (ESX). Gadaa Bank officially became the second bank to list on the ESX, following Wegagen Bank’s debut earlier this year. With 1.23 million ordinary shares hitting the trading board, Gadaa’s move is more
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Capital MarketA Milestone for Ethiopia’s First Private Investment Bank CBE Capital Investment Bank, S.C., which launched as Ethiopia’s first private investment bank on March 22, 2025, after receiving its license from the Ethiopian Capital Markets Authority (ECMA), has achieved a significant milestone by securing membership in the Ethiopian Securities Exchange (ESX) on June 4, 2025. This
Capital MarketEthiopia’s First Private Investment Bank Begins Operations Wegagen Capital Investment Bank S.C., a subsidiary of Wegagen Bank, has officially launched its operations, marking a historic milestone as Ethiopia’s first private investment bank under the newly established capital market framework. The launch event, held at Hilton Addis Ababa, was attended by key figures, including Dr. Tilahun
Capital MarketMarkets, But Make Them Emotional It’s 2021, and in the middle of a quiet day on the stock market, a single tweet from Elon Musk, just one word: “Gamestonk!!”, sends GameStop’s stock price flying up by 157% in just one day. Welcome to the markets of the 2020s, where emotions are assets, memes move billions,
Capital MarketIn a landmark move signaling Ethiopia’s commitment to building a robust financial ecosystem, the Ethiopian Securities Exchange (ESX) and the International Finance Corporation (IFC) have officially launched the Ethiopia Money Market Capacity Building Project. The initiative is expected to play a pivotal role in shaping the future of Ethiopia’s capital markets by investing in critical
Capital MarketIn a landmark development for Ethiopia’s financial sector, Wegagen Capital Investment Bank S.C. has officially become the first institution to receive a Trading Membership Certificate from the Ethiopian Securities Exchange (ESX). This milestone follows the company’s recent investment banking license granted by the Ethiopian Capital Market Authority (ECMA), placing Wegagen Capital at the forefront of
Capital MarketAs Ethiopia steps boldly into a new era of capital markets, the Ethiopian Capital Market Authority (ECMA) is drawing a clear line: transparency, legality, and accountability are non-negotiable. Now, with high-profile figures like Ermias Amelga and Genesis Investment Services PLC under formal investigation, ECMA is signaling that it’s ready to enforce the law—no matter the
Capital MarketEthio Telecom has briefed regarding its recent public share sale, revealing that the 3.2 billion birr raised from the process remains secured in a closed account and has not yet been utilized for any operational or investment purposes. In a press briefing held earlier today, CEO Frehiwot Tamiru addressed the status of the company’s transition
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Banking & FinanceA widening rift has emerged between Addis Ababa’s tax authority and the country’s accounting and auditing professionals following allegations of large-scale tax underreporting, potentially setting a precedent in Ethiopia’s enforcement of financial accountability. On April 1, 2025, the Addis Ababa Revenue Bureau released findings from a wide-ranging internal audit that scrutinized 36,729 tax files from
Capital MarketThe East African Securities Exchanges Association (EASEA) has launched a new tool called the EAE 20 Share Index to help track the performance of top companies listed on stock markets in East Africa. This is the first regional index of its kind. It brings together the 20 biggest and most successful companies from stock exchanges
Capital MarketThe Ethiopian Securities Exchange (ESX) has entered into a strategic partnership with FSD Africa and FSD Ethiopia to accelerate the growth and resilience of Ethiopia’s capital markets. The three institutions signed a Memorandum of Understanding (MoU) that lays the groundwork for collaborative efforts aimed at unlocking Ethiopia’s investment potential and broadening access to capital. This
