Gadaa Bank S.C. has officially launched a public offering of one million ordinary shares, leveraging strategic partnerships with Ethiopia’s leading investment firms. Following regulatory clearance from the Ethiopian Capital Market Authority (ECMA), the launch was announced in a joint statement by the bank’s CEO, Wolde Bulto, and Tilahun Esmael, CEO of the Ethiopian Securities Exchange (ESX).
To facilitate the transaction process, Gadaa Bank is collaborating with a syndicate of licensed brokerage firms, including Gadaa Securities Dealer, CBE Capital, Awash Capital, and Wegagen Capital Investment Bank. The shares are priced at an accessible 1,050 birr per unit—a strategy intentionally designed to ensure affordability, democratize equity ownership, and expand the bank’s retail investor base.
It was indicated that this capital injection aims to support Gadaa Bank’s next phase of growth, specifically targeting the expansion of digital banking infrastructure. This share issuance comes after the bank concluded a successful fiscal year, recording a pre-tax profit surpassing 1 billion birr and driving its total asset base to 16.54 billion birr.
The share subscription window opened on June 30, 2026 and it has been stated that it will remain open until September 27, 2026.
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