Abyssinia and Dashen Bank are set to be listed on the Ethiopian Securities Exchange (ESX) in the coming weeks. It has been 5 months since both received approval in principle from ESX, signaling that they have successfully navigated final phases required for public trading.
Bank of Abyssinia and Dashen Bank are moving through the final preparations for a listing on the Ethiopian Securities Exchange. Aksion's July 26 report said trading was expected in the coming weeks, about five months after the banks received approval in principle.
Preparations behind the listing plans
Both institutions had already pursued capital raising ahead of market entry. Bank of Abyssinia announced an offer of 3.2 million new shares to existing shareholders at 1,600 birr each. Dashen's offer involved 2.2 million shares at 2,900 birr, with the subscription later extended to a wider investor group.
Abyssinia also announced in March that its shares had been recorded electronically at the Central Securities Depository. Its notice identified March 17, 2026 as the effective date of the registration and set out the implications for shareholders holding paper certificates.
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An exchange's preliminary approval, securities registration and the start of trading are separate milestones. The listing pipeline also involves an approved prospectus, completion of any share offer and arrangements for electronic settlement. An anticipated listing should therefore not be read as confirmation that an investor can already buy or sell the shares on the exchange.
The depository process changes how ownership and transfers are recorded. Abyssinia advised shareholders to work through a depository participant and open a securities trading account, rather than relying on a paper certificate alone.
For existing shareholders, the practical next step is to follow the banks' and exchange's formal notices for the admission date, trading arrangements and required account documentation. The July announcement did not provide a fixed first trading day.
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