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US Officially Exits WHO, Ending 77-Year Membership


US Officially Exits WHO, Ending 77-Year Membership

United States has finalised its withdrawal from the World Health Organisation (WHO), formally ending its 77-year membership. President Donald Trump began the withdrawal process through an executive order on January 20, 2025, which formally took effect one year later. The White House cited the WHO’s handling of the COVID-19 pandemic, as well as ongoing concerns over the organisation’s lack of reform, accountability, and transparency, as the primary reasons for the decision. United States, WHO’s largest financial contributor and a major provider of technical and scientific expertise, has reportedly exited with 260 million dollars unpaid financial obligations. All U.S. funding to the WHO has been terminated, and American participation in WHO-sponsored leadership bodies and working groups has ended.

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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...