Parliament Appoints Federal Judges, Presidents

Jun 15 , 2019


Parliament has approved the appointment of 16 Federal Supreme Court justices, a president and two deputy presidents for federal higher and first instance courts. Proposed by Prime Minister Abiy Ahmed (PhD), parliament approved the appointments during its session that was held on June 13, 2019. The Federal Judicial Administration Council Secretariat has endorsed the candidates. Out of the 310 members of parliament who attended the session, ten members abstained from voting, while one member opposed the appointment. Of the 16 justices of the Supreme Court, six of them are women. Berhanemskel Waqijira was appointed as the new president of the Federal High Court, while Fuad Kiyar becomes president of the Federal First Instance Court.


Radar

Capital Market Authority Extends Public Company Registration Deadline, Warns Against Unlicensed Investment Bank

Ethiopian Capital Market Authority (ECMA) has granted a final one-month extension for publicly held companies to register, setting the new deadline for April 9, 2025. The extension applies specifically to companies with over 50 shareholders, who are required to submit comprehensive documentation across all industries. Mandatory details include the total number of shareholders, the total number of shares issued, fully paid shares, subscribed shares, and the value of shares on the reporting dat...


Radar

State Corps Post Growth Eyeing Innovation, Market Expansion

The Ethiopian Insurance Corporation (EIC) generated 9.34 billion Br in written gross premiums, marking a considerable 51.7pc increase compared to the same period last year. The Corporation's profit reached 1.2 billion Br, exceeding its planned target by 15pc and increasing by 62.7pc from last year's corresponding period. Executives of Ethiopian Investment Holdings (EIH), Ethiopia's sovereign fund that owns state enterprises, commended EIC for its achievements and provided strategic guidance t...


Radar

Ethiopian Airlines, AfDB Forge Partnership for Bishoftu International Airport Project

The Ethiopian Airlines Group has signed a letter of intent with the African Development Bank (AfDB) to launch a partnership for the ambitious Bishoftu International Airport Project. Mesfin Tasew, CEO of Ethiopian Airlines, and Nnenna Nwabufo, vice president of Regional Development, Integration & Strategy at AfDB signed the agreement. The two officials expressed their intent to consolidate the existing partnership through strategic and innovative engagements to benefit Ethiopia and the wid...