Wegagen Bank S.C has reported a seven percent rise in profits for the recently ended the year, while its earnings per share dropped to 222 Br from 244 Br of the preceding year. The earning per ...

Wegagen Bank, one of the 16 private commercial banks, has become the third bank, along with Awash and Dashen banks, to pass the one billion Birr mark in gross profits reported in its filings for ...

The government listed Wegagen Bank on the exchange on Friday but didn’t make any mention of Ethio Telecom’s 30 billion birr ($238 million) initial public offering.

Ethiopian Prime Minister Abiy Ahmed rang a Wall Street-style bell to officially launch the country's first stock exchange in 50 years on Friday, part of efforts to liberalise the struggling economy.

Just one company, Wegagen Bank, was initially listed on the Ethiopian Security Exchange (ESX), although ESX chief executive Tilahun Kassahun said he expected 90 companies to eventually join over ...

Upto now, only Wegagen Bank was listed on the Ethiopian Securities Exchange (ESX), but Tilahun Kassahun, the exchange's CEO, anticipates that around 90 companies will be added over the next decade.

The Ethiopian Capital Market Authority (ECMA) granted the licenses to CBE Capital S.C. and Wegagen Capital Investment Bank S.C., both linked to major Ethiopian banks. CBE Capital, a subsidiary of the ...