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




Japan Pitches in $1m for Peace Building

Feb 27 , 2021


[ssba-buttons]

The Government of Japan has committed one million dollars toward a peacekeeping project described as the "prevention of extremism and its resurgence amid the COVID-19 pandemic through education in Africa." Funneled through the UNESCO International Institute for Capacity Building in Africa (UNESCO-IICBA), the project targets educators, teachers and youth in 54 African countries. The signing ceremony for the project was attended by Ito Takako, Ambassador of Japan to Ethiopia, and Vera Songwe (PhD), executive secretary of UNECA. Throughout its implementation, 200 trainers of trainers will receive further guidance courses, while 2,000 educators and teachers will be reached in 10 African countries. An additional 44 countries are expected to benefit indirectly. UNESCO-IICBA has been working in teacher development in Africa since 1999, with teacher development for peacebuilding and the prevention of violent extremism in Africa incorporated in its programme since 2017.


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...