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




Trio Agree to Promote National Dialogue

Nov 12 , 2022


[ssba-buttons]

Officials of the Ministry of Peace have signed a multimillion dollars agreement with leaders of the Ethiopian Civil Society Organizations Council (ECSOC), and the Ethiopian Political Parties Joint Council to partner on the promotion of national dialogue. The United Nations Development Program (UNDP) has recently signed an agreement with the Ministry of Finance and the National Dialogue Commission, allocating 2.2 million dollars to support the process. The federal Parliament legislated an institution in December last year, commissioning 11 members to serve the cause of national dialogue, chaired by Mesfin Araya (Prof.), a mental health physician. The tripartite deal was signed last week at the Capital Hotel, on Haile Gebresellasie Road, emphasising the importance of inclusivity while undertaking the dialogue. Organisers hope the partnership provides political parties with a permissive environment ensuring inclusivity and transparency towards a positive outcome of the national dialogue effort.


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...