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E-Commerce Sector Poised for Explosive Growth in the Coming Decade


E-Commerce Sector Poised for Explosive Growth in the Coming Decade

International Market Analysis Research and Consulting Group (IMARC) projects Ethiopia's e-commerce market to reach 234.5billion dollars by 2034, starting this year, following a compound annual growth rate of 25.77pc in 2025. The anticipated surge is driven by a young, tech-savvy population, rapid urbanisation, and expanding logistics capabilities, supported by government initiatives to develop the digital economy. The growth outlook is further reinforced by the expansion of digital payment infrastructure, increased internet and smartphone penetration, liberalisation of the telecommunications sector, and the rise of a middle class. Analysts note that the advancing e-commerce market is becoming a major force for innovation, reshaping trade and consumer behavior. Rising competition within the sector, alongside emerging opportunities enabled by AI-powered solutions and digital platforms, underpins the market’s strong growth potential.

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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...