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




Public Health Institute to Build Lab with $150m

Sep 11 , 2020


[ssba-buttons]

The Ethiopian Public Health Institute has committed 150 million dollars to build state-of-the-art laboratories and carry out capacity building activities in the just-started fiscal year. The construction and capacity-building programmes will be undertaken across the nation with a grant and loan secured from the World Bank. A biosafety level-3 (BSL3) laboratory will be erected on the premises of the institute along with the construction of 15 regional reference laboratories. A BSL3 laboratory is the second-highest possible level, topped only by a BSL4, and includes work on microbes that are either indigenous, exotic or can cause serious or potentially lethal disease through inhalation. Additionally, eight existing laboratories will be supplied with the necessary lab equipment in addition to other capacity-building activities. The construction of the laboratory within the EPHI will be completed in three to four years, while the 15 laboratories are expected to be completed within two years.


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...