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



Ashley, Yusra Partner with Arada Mall for Furniture Showroom


Ashley, Yusra Partner with Arada Mall for Furniture Showroom

World-leading home furnishings manufacturer Ashley Industries Plc who has been in partnership with Yusra Homes signs to open a flagship showroom at the Arada Mall project in Addis Abeba. The signing ceremony was attended by U.S. Ambassador Ervin Massinga and senior executives from both companies. Ashley Furniture, an American brand with more than 20,000 retail outlets across 155 countries and a global workforce of about 35,000, will enter the Ethiopian market through an exclusive retail partnership with Yusra Homes, a furniture importer. The showroom will be located inside Arada Mall, currently under construction in the Piassa area opposite the Adwa Museum. Promoted as first international-standard mall, the project has attracted global professionals during construction and plans to host international businesses once operational. Project costs have exceeded one billion Birr, with all commercial spaces reportedly leased ahead of completion. Commercial space allocation assigns 48pc to international businesses and 52pc to local companies. The mall is designed to host a broad mix of retail, service, and commercial facilities under one roof. Government service offices will also be housed in the complex, with further agreements expected to be announced.

[ssba-buttons]

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...