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




Institute, US Firm Allies on Data Analytics

Jul 27 , 2019


[ssba-buttons]

The government has partnered with a foreign tech firm to work on capacity building of local data analysis. The Technology & Innovation Institute signed the memorandum of understanding with Zenysis Technologies last week to build local capacity in processing big data and advanced data analysis capabilities. Sandokan Debebe, director of the Institute, and Bernard Laurendeau, regional director for Zenysis Technologies, signed the agreement at the premises of the Ministry of Innovation & Technology on July 25, 2019. “The agreement helps to bring reliable and timely information to decision makers and analysts and enables them to make evidence-based decisions,” said Sandokan. “We have to digitalise our documentation system.” Zenysis Technologies is a data and artificial intelligence company based in Silicon Valley. The company was established in 2015, and it is led by software engineers and data scientists from Google, Amazon and NASA.


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...