United Capital Financial Services Ethiopia (UCFS Ethiopia) has been appointed as a joint issuing house, official stockbroker and lead distributor for the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery, creating a new cross border investment opportunity for qualified Ethiopian investors.
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Investor participation in Ethiopia’s emerging capital market is steadily increasing, with more citizens opening investment accounts and trading securities, according to Hana Tehelku, Director General of the Ethiopian Capital Market Authority (ECMA).
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Sidama Bank S.C. has officially joined the Ethiopian Securities Exchange (ESX) Main Market, becoming one of the latest institutions to list shares on Ethiopia’s developing securities market.
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The Collective Investment Schemes Operation Directive No. 1150/2026 has been registered and approved by the FDRE Ministry of Justice as of September 23, 2026, the Ethiopian Capital Market Authority (ECMA) announced.
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Nigerian billionaire Aliko Dangote has launched an initial public offering for his oil refinery, targeting up to USD 2.1 billion in what is expected to become Africa’s largest share sale.
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