ECMA Gives Green Light to Bunna Bank’s Share Registration

June 25, 2026
By Mintesinot Nigussie

The Ethiopian Capital Market Authority (ECMA) has approved Bunna Bank S.C.’s securities registration, allowing the lender to register more than 64 million shares under the country’s capital market regulatory framework.

The regulator said it approved Bunna Bank’s Registration Statement on June 23, 2026, registering 61,895,598 existing shares held by shareholders and 2,587,002 new shares approved to be offered to existing shareholders.

The approval was granted in line with the Public Offer and Trading of Securities Directive No. 1030/2024, which requires securities offered or sold to the public to be registered with ECMA unless specifically exempted.

The registration represents a regulatory step for Bunna Bank as it prepares to participate in Ethiopia’s developing securities market, where financial institutions have been among the main participants entering the formal capital market system.

The lender said the approval makes it one of the financial institutions in Ethiopia’s capital market with an approved prospectus, adding that the milestone would support its participation in the country’s evolving financial system.

The move comes as Ethiopia’s equity market continues to expand following the launch of the Ethiopian Securities Exchange (ESX), with banks and other companies joining the market to access alternative sources of financing.

ECMA has clarified that the registration notice only confirms the approval of the securities registration and should not be considered an endorsement of any offer, an offer to sell securities, or a solicitation to buy shares.

The authority said securities registration is part of establishing a transparent and regulated market environment aimed at supporting investor confidence and the development of Ethiopia’s capital market.

Source: FSX Business News