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




Economics Association Devises Development Index

Mar 18 , 2023


[ssba-buttons]

Ethiopian Economics Association developed a multi-dimensional development index to assess the country's economic progress. Degye Goshu (PhD), director of research & policy analysis in the Association, said that the index intends to narrow the gap between the numeric expression of economic growth and the status of people's lives on the ground. He said human and socio-economic development indexes, democracy and good governance, environment, globalization and gender gap index are enveloped. Currently, the Association has 5,500 members. Its President, Amdissa Teshome, said the index can be an input for finance and planning & development ministries calling for their support. The consultation held at InterLuxury Hotel saw the attendance of officials from the Ministry of Trade & Regional Integration, UNICEF and the African Development Bank. The Association was established in 1991 to provide a networking platform, access to information and a better understanding of domestic and global economic issues that help to inform and influence economic policy-making and investment decisions.


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...