The Ethiopian Capital Market Authority (ECMA) has officially approved the registration of securities for Nib Insurance S.C. The regulatory move, confirmed on July 28, 2026, encompasses both existing and newly issued shares under the framework of the Capital Market Proclamation No. 1248/2021. This development marks another milestone in the growth of Ethiopian business and market news as the sector matures.
According to the official notice, the authority has registered a total of 2,818,305 shares for the insurance firm. The breakdown of the registered securities is as follows:
| Share Category |
Quantity |
| Existing shares (held by shareholders) |
2,618,305 |
| New shares (offered to existing shareholders) |
200,000 |
The registration process was conducted in accordance with the Public Offer and Trading of Securities Directive No. 1030/2024, which mandates that securities offered or sold to the public must be registered with the national regulator.
The ECMA clarified that this publication serves strictly as a formal notice of registration. It does not constitute an endorsement, an offer to sell, or a solicitation of an offer to buy any securities. The registration ensures compliance with legal requirements for companies operating within the evolving Ethiopian capital market landscape. Investors and market participants can utilize financial data and market intelligence tools to track how these developments impact the wider economy, or use financial institution comparison services to evaluate the performance of various firms in the insurance and banking sectors.
