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



EU Launches Internally Displaced Rehabilitation Project


EU Launches Internally Displaced Rehabilitation Project

A 43.5 million euro three-year program targeting Internally Displaced People  (IDP) was launched by the European Union and partners across Afar, Amhara, Beninshangul-Gumuz and Tigray regional states last week. The project seeks to provide vocational training in agriculture and improve access to finance and employment. It is also expected to provide sanitation services to areas with the highest concentration of IDPS and conflict through new infrastructure and rehabilitation of old ones. Coordinated by the International Organization for Migration (IOM) partnering with GIZ, the Italian Agency for Development Cooperation (AICS), the Danish and Ethiopian Red Cross and the High Commission for Refugees for the IDPs. Prolonged internal conflicts and industrial disasters have taken a toll on the country's economy and exacerbated food insecurity in many parts of the country, the statement from the European Union reads. Roland Kobia, ambassador of the European Union to Ethiopia, indicated that the program is a timely action to ensure humanitarian support and help facilitate peace. It includes setting up community centres for youth empowerment by promoting community dialogues and services for psychosocial needs. There are more than four million IDPs in Ethiopia due to conflict and close to one million refugees from neighbouring countries, according to the latest Global Humanitarian Review report by the UN.

[ssba-buttons]

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...