The Ethiopian Securities Exchange has identified six banks advancing toward listing on its main market, as part of plans to add nine more companies by the end of the fiscal year.
The Ethiopian Securities Exchange (ESX) announced that six major banks are making progress toward listing on its main securities market. This development forms part of the exchange's target to onboard nine additional companies before the fiscal year concludes.
Anbesa Bank, Awash Bank, Abay Bank, and Amhara Bank have progressed further by finalizing their securities registration with the Ethiopian Capital Market Authority (ECMA) and preparing their prospectuses. These banks have received approval in principle from the ESX for listing. Separately, Bank of Abyssinia and Dashen Bank have also obtained ESX approval in principle and are preparing to complete their registration and publish prospectuses.
The announcement appeared on the ESX's official page, noting the movement of major security issuers toward a main market debut. At present, the main market includes a limited selection of listings: Wegagen Bank, Gadaa Bank, Habesha Breweries, and Ethio telecom, the latter through initial public offering processes.
This step reflects ongoing efforts to expand the ESX's offerings, building on its established presence in Ethiopia's financial sector.