Demand outstrips supply in National Bank of Ethiopia's 100 million US dollar forex auction

ECMA approves registration of nearly 9.7 million Abay Bank shares

The Ethiopian Capital Market Authority ECMA has approved the registration of 9.66 million existing shares held by shareholders of Abay Bank. This approval, effective May 11, 2026, was disclosed through a public notice issued by the regulator. Abay Bank subsequently published a prospectus and related disclosure documents on its official website. This registration formally recognizes the shares under Ethiopia’s capital market framework, which was established following the creation of ECMA and the country’s broader efforts to develop a securities market. This move aligns with Ethiopian authorities' efforts to expand investment opportunities and strengthen transparency in the financial sector through the gradual rollout of the country’s capital market infrastructure.