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Civil Registration Agency Set to Roll Out FAYDA ID Registration Across Addis Abeba


Civil Registration Agency Set to Roll Out FAYDA ID Registration Across Addis Abeba

The Civil Registration & Residency Service Agency (CRRSA) will lead the registration of the FAYDA digital ID system across Addis Ababa, covering 119 woredas, 11 districts, and the Agency's two branch offices. FAYDA is a 12-digit identification number issued by the National ID Program (NIDP), designed to provide access to digital services nationwide, collecting essential demographic data and biometric information. It is part of the Digital Strategy 2025, which aims to establish a full set of biometric databases and provide a unique identifier for individuals that is integrated across institutions. Officials believe it will help access quick and efficient public services. They are hoping the civil registration system, which records essential life events from birth to death, will serve as a crucial source of information for legal, administrative, and statistical purposes, helping the government accurately base its policies and strategies on reliable data. CRRSA has undergone a major overhaul recently, upgrading its network and digital systems to resolve longstanding service delays, which have frequently frustrated residents. These improvements are expected to reduce wait times for essential operations, including the issuance of vital certificates and residency verification. Ethiopia's rank on e-government has improved 10 steps from 179th from 193 countries, in the latest United Nations E-Government Development Index. Officials attribute this in part to the ongoing National ID Ethiopia Program (FAYDA), despite covering just 10pc of the population so far.

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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...


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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...


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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...