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Third Phase of 100-Day Electricity Upgrade Gets Underway

Oct 5 , 2025


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The second round of a nationwide 100-day plan directed towards reducing power outages and improving grid reliability has been completed. Using GPS technology, the program identified areas most affected by blackouts and carried out targeted upgrades. Works included preventive maintenance across 14.7km in Addis Abeba and 54.75km in regional states, capacity upgrades on 82 transformers, expansion works on 34 units, and installation of new auxiliary transformers on 48 sites. In addition, 294 aging wooden poles in the capital and 1,095 in 28 regional districts were replaced with new ones. Officials noted that the improvements follow the first 100-day plan, which showed promising results in cutting disruptions. A third phase is now planned, focusing on replacing nearly 17,000 old poles nationwide and fixing 201 sections of worn-out power lines.


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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...