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For years, buying shares in Ethiopia’s biggest companies felt like a private club. But that is officially changing. Dashen Bank has just cleared its final administrative hurdle to list on the brand-new Ethiopian Securities Exchange (ESX). After settling a 506.5 million Birr tax obligation—covering everything from business profits to dividends—the Ministry of Revenues has given … Read more
Following the conclusion of its 2,206,906 new shares Rights Offer period on February 11, Dashen Bank has entered the final phase of its historic transition to the public market. With the Rights Offer window now closed for existing shareholders, the bank is moving to offer any unsubscribed shares to the broader public. The capital raise, … Read more