Economy

Ethiopian Bourse Moves To Fulfill Initial 15-Company Listing Plan

AI SUMMARY

The Ethiopian Securities Exchange is pressing ahead with its target to reach 15 listed companies on its Main Market by June 2027.

The Ethiopian Securities Exchange aims to reach 15 listed companies on its Main Market by June 2027.
Eight new companies are slated to join the Main Market this fiscal year, with one scheduled for admission this month and seven more to follow.
The 2027 target is part of ESX’s five-year strategic plan for 2025 to 2029, which envisions at least 50 listed companies, three million retail investors, and scaling equity market capitalization to one trillion birr.
ESX has achieved over 51 percent of its interbank transaction target with cumulative trading volumes reaching 4.13 trillion birr since operations commenced in October 2024.
ESX has granted Approval in Principle to nine prospective entrants for its Main Market, including Rammis Bank, Nib Insurance, Awash Insurance, Zemen Insurance, ZamZam Bank, Dashen Bank, Anbesa Bank, Ayat S.C., and Amhara Bank.
Eight companies have completed registration with the Ethiopian Capital Market Authority with the intent to trade via the Over-the-Counter platform this fiscal year.
Ethio telecom's listing has elevated the total number of firms on the Main Market to seven.