In a major leap for Ethiopia’s capital market, Gadaa Bank S.C. has officially joined the Ethiopian Securities Exchange (ESX), becoming the second bank to be listed on the newly formed exchange. The move marks a pivotal moment in the country’s financial sector, signaling increased confidence in public capital markets and expanded access to investment opportunities.

The formal approval of the Bank’s prospectus by the Ethiopian Capital Market Authority (ECMA) on June 17, 2025, cleared the way for this historic listing. The listing is notable for featuring a large number of shareholders and for Gadaa Bank being the first in its peer group—with a relatively short operational history to reach this milestone.

During a celebratory event held at the ESX trading floor, Mr. Wolde Bulto, CEO of Gadaa Bank, emphasized that the listing would unlock capital formation potential and introduce more tailored financial services for customers. Dr. Hassen Hussien, the Bank’s Chairperson, affirmed the institution’s dedication to trust and corporate governance as central pillars of its growth strategy.

Speaking on the significance of the listing, Dr. Tilahun E. Kassahun, CEO of ESX, remarked: “Gadaa Bank’s listing demonstrates the growing trust in our Exchange and highlights the transformative role of public markets in inclusive economic development.”

As a newly listed institution, Gadaa Bank looks ahead with a focus on innovation, regulatory compliance, and value creation for both shareholders and the Ethiopian public. This milestone further cements ESX’s role in shaping a dynamic and transparent capital market in Ethiopia.