Ethio Telecom has been listed on the Ethiopian Securities Exchange, enabling shareholders who purchased shares through the company’s 10 percent public offering to manage and trade their holdings through the capital market system.

The listing follows the completion of shareholder documentation and verification processes after the partial sale of Ethio Telecom shares to the public. The process was approved by the Ethiopian Capital Market Authority.

A total of 47,377 shareholders purchased 10.7 million shares, generating Birr 3.2 billion. Of these, the information of around 45,000 shareholders has been verified, while 10.1 million shares worth Birr 3 billion have been included in the trading framework.

According to Ethio Telecom, 96 percent of shareholder information has been verified, and digital ownership certificates have been issued.

The listing is part of Ethiopia’s broader economic reform agenda, which aims to modernize the economy, increase private sector participation, improve the competitiveness of state-owned enterprises, and expand public participation in major national companies.

The development is also expected to support financial inclusion by allowing citizens to participate in share ownership and access modern securities trading services.

Through the Ethiopian Securities Exchange’s electronic trading system, shareholders will be able to trade their shares after opening trading accounts through authorized channels.

Source (including image): Ethiopian News Agency