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Direct Exports Fall Short of Target as Export Growth Shows Uneven Performance


Direct Exports Fall Short of Target as Export Growth Shows Uneven Performance

The Ministry of Trade & Regional Integration (MoTRI) has reported that export performance fell short in key areas during the first eight months the fiscal year, despite overall revenue reaching 6.76 billion dollars. Direct export products were the main underperforming segment, generating 527.9 million dollars against a target of 606.8 million dollars, achieving 87pc of the goal. While the total export revenue exceeded the 5.83 billion dollar target, sectoral results showed uneven performance. Agriculture recorded 90.53pc of its target, and manufacturing stood at 87.68pc, reflecting persistent gaps in output and value addition. Mining outperformed expectations at 149.44pc, and electricity and related sectors reached 112.35pc, masking weaker results in other areas.

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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...