ECMA Registers 2.8 Million Shares of Nib Insurance S.C.

The Ethiopian Capital Market Authority (ECMA) has approved the registration of securities of Nib Insurance S.C., marking another step in the development of Ethiopia’s capital market.

According to a notice issued by ECMA, the Authority approved the company’s Registration Statement on July 28, 2026, and registered a total of 2,818,305 shares.

The registered securities include 2,618,305 existing shares already held by shareholders and 200,000 new shares approved for offering to existing shareholders.

The registration was conducted in accordance with Article 75 of the Capital Market Proclamation No. 1248/2021 and Articles 4 and 29 of the Public Offer and Trading of Securities Directive No. 1030/2024, which require publicly offered or sold securities to be registered with ECMA.

Nib Insurance S.C.’s registration adds another company preparing to participate in Ethiopia’s emerging capital market landscape.