FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Yasmin Graces Finance Ministry as State Minister

Jul 25 , 2020


[ssba-buttons]

Yasmin Wohabrebbi takes the place of Admasu Nebebe as state minister for Finance in charge of economic cooperation as of July 14, 2020. Yasmin has been working at the Ministry for the past year as director of international financial institutions cooperation. Before rejoining the Ministry last year, she worked at the Agricultural Transformation Agency (ATA) for a little over five years. She had also worked at the then Ministry of Finance & Economic Cooperation for six and a half years in different capacities. Yasmin earned a master's degree in international trade policy & trade law from the University of Lund in Sweden. She also holds a BA degree in economics from the University of Gonder. Admasu, who had been serving as a state minister for over three years, resigned last month to join the African Development Bank (AfDB). Admasu will take a post as an advisor presenting Ethiopia to the Executive Director's Office for East Africa as of August 1. Abebe Tadesse, director of project development and monitoring at the Public-Private Partnership Directorate, replaced Yasmin as director of international financial institutions cooperation.


Radar

Prime Capital Joins ESX, Seeks Securities Dealership Licence

Prime Capital has secured trading membership on the Ethiopian Securities Exchange (ESX) and is pursuing a securities dealership licence to expand its brokerage and investment banking services, according to Head of Business Development and Marketing Fikremarkos. The firm received its trading membership after obtaining an investment banking licence from the Ethiopian Capital Market Authority (ECMA) and meeting all ESX requirements. The licence authorises Prime Capital to execute securities tran...


Radar

Parliament Ratifies Tax Amendment, Assigns PMO to Lead Conciliation, Imposes 10pc Penalty on Late Evidence

The Prime Minister's Office will appoint independent tax conciliators while taxpayers face a 10pc penalty for late evidence under the Federal Tax Administration Amendment ratified by Parliament last week. By shifting the selection of “conciliators” from the tax authority to the PMO, authorities aim to establish a neutral dispute-resolution system to speed up out-of-court settlements. Experts describe the move as a high-stakes reform with notable institutional risks. The legislation, pa...


Radar

ZamZam Bank Registers Shares, Eyes Capital Market Debut

ZamZam Bank has secured approval from the Ethiopian Capital Market Authority (ECMA) to register its shares, becoming the first fully interest-free bank to complete the regulatory process for public trading. The approval covers five million existing shares worth five billion Br and one million bonus shares valued at one billion Br, paving the way for the Bank's future participation in Ethiopia's capital market. ZamZam plans to raise its capital to 15 billion Br and introduce Sharia-compliant i...