Capital market authority approves Dashen Bank shares registration

Ethiopia's Capital Market Authority has approved the registration of Dashen Bank's shares. This step could enable the bank to enter the capital market.

Ethiopia's Capital Market Authority (CMA) has endorsed the registration process for Dashen Bank's shares. This development, reported by Addis Fortune, highlights progress in the Ethiopian business news sector.

Dashen Bank, one of Ethiopia's major banking institutions, stands to benefit from integration into the capital market through this approval. The authority has granted formal recognition for the shares' listing, opening new avenues in the country's financial landscape. This move allows the bank's stakeholders and investors to participate in the capital market.

Addis Fortune has covered this news, consistent with its focus on Ethiopian business updates. No specific details on the exact timeline were provided in recent reports.

Makala yanayohusiana

Dashen Bank Share Company has launched a 6.4 billion birr rights offer to its existing shareholders, marking a major capital-raising step ahead of its listing on the Ethiopian Securities Exchange (ESX). As one of Ethiopia's largest private banks, Dashen aims to bolster its position in the evolving financial sector through this initiative, approved by shareholders in a general assembly under the Capital Market Proclamation.

Imeripotiwa na AI

The Ethiopian Capital Markets Authority has relaxed enforcement on companies missing the share registration deadline. This accommodation addresses compliance struggles amid challenges like high fees and limited providers. Progress includes collaborations among microfinance institutions and upcoming mobile trading platforms.

Global Bank Ethiopia has achieved the National Bank's minimum capital requirement of five billion birr through new share sales and subscriptions. Total revenue increased to 5.56 billion birr from 4.05 billion birr the previous year, reflecting robust financial performance. The growth was primarily fueled by interest income from loans.

Imeripotiwa na AI

More than 14 foreign chambers of commerce, representing European, American, Chinese, and Indian interests, are uniting to tackle persistent business obstacles in Ethiopia. EuroCham has opened a new headquarters offering free workspaces to help new investors navigate local rules. Foreign direct investment rebounded to $4 billion in 2024/25, though bureaucratic issues continue to plague many investors.

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