On January 2, 2026, the Ethiopian Capital Market Authority (ECMA) officially issued a Notice of Registration of Securities for Habesha Breweries.
This followed an approval granted on December 31, 2025, making Habesha one of the first major non-banking consumer brands to clear the regulatory hurdles for share registration.
- Registration Status: Completed (Notice Issued)
- Total Registered Shares: 3,517,228 existing shares
- New Issuance Approved: 170,496 new shares
- Who can invest on newly issued shares: Currently restricted to existing shareholders (Capital Raise)
Also read: How to Download Neway Mobile Application to Invest in Ethiopian Stock Market
The registration process coincides with a significant shift in ownership. In late 2025, the majority shareholder, Bavaria Overseas Breweries (BOB), made a buyout offer to local Ethiopian shareholders.
- Buyout Price: 5,900 Birr per share (a 34% premium over the Deloitte valuation).
- Current Ownership Structure: Bavaria (approx. 64%), local shareholders (approx. 26%), and Linssen Participations (approx. 10%).
- Next Steps for Shareholders: Once the registration with ECMA is fully finalized and the company lists on the Ethiopian Securities Exchange (ESX), secondary market, shares will be dematerialized (digitized) and can be traded electronically.
Essential Links & Documents
- ECMA Official Notice of Registration – The regulatory confirmation of their share registration.
- Habesha Breweries 2024 Annual Report (PDF) – Detailed financial statements and strategic outlook.
- CBE Capital Investment Bank – The official Transaction Advisor managing the share registration and future listing.
- Habesha Investor Relations Portal – Official updates for current and prospective shareholders.