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




African Member States Pledge for Nuclear Energy Accession

Mar 18 , 2023


[ssba-buttons]

Members of African states pledged to nuclear energy accession following the five-day conference held in the capital. One of the foreseen endorsements is the establishment National Steering Committee. Public-Private Partnership initiation was also recommended for the lack of bankable nuclear-energy projects to attract funding and for the lack of exploitation of multilateral and bilateral cooperation between governments. The Ministry of Innovation and the International Atomic energy Agency finalised recommendations for the road map of Nuclear energy accession across the African member states at the conference held at Inter-Luxury hotel last week. The intergovernmental agreement between member states (AFRA) also recommended a Nuclear law, under a strategic well established regulatory authority, to solve the delay in the incompleteness and promulgation of nuclear laws and regulations. The non-existent or expiring Country Program Framework, as well as a non-submission of the country's annual report, has been a challenge for some African countries. Increasing the partnership between institutions and UNDP for procurement procedures has been recommended for there has been a delay in procurement from the Agency, according to National Liason Officer for Nigeria, Yusuf Ahmed.


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...