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Awash Insurance Becomes First Insurer Listed on ESX

BirrMetrics · 8 hours ago · Read the Full Story on BirrMetrics
Awash Insurance Becomes First Insurer Listed on ESX
AI SUMMARY

Awash Insurance has become the first insurance company to list on the Ethiopian Securities Exchange, expanding the market beyond banks and telecommunications.

  • Awash Insurance is the first insurance company to list on the Ethiopian Securities Exchange (ESX).
  • The ESX announced the milestone on Tuesday, expanding a market that previously included only six commercial banks and Ethio Telecom.
  • iCAPITAL Investment Partners described the transaction as its second exchange listing.
  • The Ethiopian Capital Market Authority approved the registration of eight million existing ordinary shares of Awash Insurance on September 30, 2026.
  • The registration was conducted under Capital Market Proclamation No. 1248/2021 and Public Offer and Trading of Securities Directive No. 1030/2024.
  • The listing increases the number of companies admitted to the ESX from seven to eight.
  • Established in October 1994, Awash Insurance provides general insurance, life insurance, microinsurance, and Takaful services.
  • The company has over 2,180 individual and corporate shareholders.
  • Awash Insurance had a paid-up capital of approximately 3.36 billion birr and a subscribed capital of 4 billion birr at the end of June 2026.
  • During the 2025/26 financial year, the insurer reported gross written premiums exceeding 6 billion birr, a 35 percent increase from the previous year.
  • The listing involves previously issued shares rather than a new share offering, meaning it does not represent a fresh capital injection.
  • Awash Bank joined the ESX seven months prior on April 23, 2026, and Awash Insurance is a leading shareholder in the bank.
  • Nib Insurance and Oromia Insurance have also undergone regulatory preparations and share registrations with the ECMA.
  • The ESX commenced operations in January 2025 and plans to broaden participation beyond financial institutions.
Read the Full Story on BirrMetrics
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