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International Labour Organisation Launches Labour Migration Project


International Labour Organisation Launches Labour Migration Project

The International Labour Organisation (ILO) launched a project aimed at strengthening inter-regional cooperation for safe, regular, and orderly labour migration in Ethiopia. The project is being implemented with financial support from the European Union. The project launching ceremony, held last week at the Hyatt Regency Hotel, disclosed that the initiative seeks to enhance institutional capacity, professionalise recruitment practices, strengthen the protection of migrant workers’ rights, and improve skills development and recognition. The project will also work to strengthen bilateral and multilateral cooperation and improve labour migration data systems. It is jointly overseen by the ILO and the Ministry of Labor & Skills, with a particular focus on strengthening regular employment opportunities for skilled and semi-skilled workers.

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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...