ECMA Approves Share Registration for Gadaa Bank S.C.
The Ethiopian Capital Market Authority (ECMA) has officially approved the registration of securities for Gadaa Bank S.C., the regulator confirmed on June 29, 2026. The move brings the lender’s equity structure into formal alignment with the national requirements set forth by the Public Offer and Trading of Securities Directive No. 1030/2024.
Under the provisions of Articles 4 and 29 of the Directive, all securities including those held by shareholders prior to the issuance of the regulation must be registered with the Authority unless explicitly exempted. The approved registration statement covers 230,713 existing shares currently held by Gadaa Bank’s shareholders, alongside the authorization for a new issuance of 1,000,000 shares to be offered to existing and potential investors.
This registration is a mandatory step for issuers as Ethiopia formalizes its capital market framework. By completing this process, Gadaa Bank ensures that its shareholdings are recognized within the newly established regulatory environment, promoting greater transparency and compliance across its capital base.
