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EEP, South Korea Launch Study Program to Modernise Electricity Tariffs


EEP, South Korea Launch Study Program to Modernise Electricity Tariffs

Ethiopian Electric Power (EEP) has launched a joint knowledge-sharing study program with the Government of the Republic of South Korea to modernise Ethiopia’s electricity tariff negotiation framework. Officials noted that roughly 46pc of the population still lacks access to electricity, highlighting the need to expand capacity while ensuring the sector’s financial sustainability. The initiative aims to update tariff procedures and strengthen institutional capacity to better harness the country’s green energy potential. The collaboration will facilitate knowledge transfer, drawing on South Korea’s experience in power sector reform and modernization. EEP will oversee the transition from the study phase to practical implementation. By aligning the country’s tariff negotiation framework with international standards, the program seeks to boost financial sustainability, attract private investment, and reduce sectoral risks.

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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...