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




Chamber, Ethio Promotions team-up for Trade Fair in DC

Dec 12 , 2020


[ssba-buttons]

The Ethiopian Chamber of Commerce & Sectoral Association has partnered with Ethio Promotions LLC to host a trade fair in Washington, D.C. next year. The two parties signed a memorandum of understanding (MoU) earlier last week. The agreement was signed between Yesuf Ademnur, Secretary-General of the Chamber, and Abebe Feleke, director of Ethio Promotions. The two parties have agreed to jointly organise and host the Ethio-American Trade Fair at the Gaylord National Resort & Convention Centre near Washington, D.C., in June 2021 to facilitate trade between the two countries. The fair aims to promote Ethiopian goods and services in the American market; create awareness in American business communities regarding investment opportunities in Ethiopia, and to enable Ethiopian businesses to take full advantage of the Africa Growth & Opportunity Act, according to the organisers. The Act allows eligible Sub-Saharan African countries duty-free access to the United States market.


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...