Friday, June 26, 2026
Home Blog Page 6

“We accepted the public trust without being boastful about our success” — Prosperity Party

0

The National Election Board of Ethiopia (NEBE) has released the verified and endorsed overall results of the 7th national general election, which was held on June 1, 2026. In this election, the ruling Prosperity Party achieved a major victory by securing a wide majority, winning 438 out of the 501 contested parliamentary seats for the House of Peoples’ Representatives.

When announcing the verified final results, the Deputy Chairperson of the Board, Tesfaye Neway, explained how the parliamentary seats were distributed among various political forces. According to the results released on June 21, 2026, although the Prosperity Party emerged dominant, several competing parties and independent candidates also managed to secure parliamentary seats.

Accordingly, Ethiopian Citizens for Social Justice (Ezema) secured 13 parliamentary seats through its high participation in various areas, while the National Movement of Amara won 6 seats in the House of Peoples’

Representatives from its contest in the Amhara region. Additionally, Medrek obtained 3 parliamentary seats in the Sidama region, while the remaining seats were distributed among other parties and independent candidates who competed across regions.

Following the release of the final election results, the Prosperity Party extended a detailed message of gratitude to the entire Ethiopian public. In its statement, the party emphasized that it accepted this grand victory not with arrogance and pride, but with a high sense of responsibility and humility.

“Prosperity Party accepted this great public trust without being boastful about its success,” the statement explained. “We maintain a firm conviction to fix our shortcomings, serve our people with sincerity, and prove our words through actions.”

According to the party’s statement, this 7th general election holds a meaning that goes beyond standard political competition. The election is a major historical milestone that shattered internal and external networks of dominance and practically highlighted Ethiopia’s sovereignty. Performed entirely using domestic capacity, this historic event was described as a source of pride and an example for the whole of Africa, as it asserted homegrown democracy and continental sovereignty.

Regarding future activities, the Prosperity Party stated that based on the new democratic and social contract granted by the people, the government will focus its attention on structural reforms and comprehensive economic inclusivity in the coming years.

The party announced its commitment to tackling pressing issues that reflect the public’s demands, such as easing the high cost of living, ensuring food security, and creating sustainable job opportunities on a large scale. Additionally, it stated that it will work to prevent corruption and bad governance by expanding the initiated “Mesob” one-stop service nationwide and modernizing service delivery through technology.

KEFI subsidiary names CBE Capital to advise on Gold-Linked preference share issue

0

KEFI Gold and Copper Plc has announced that its subsidiary, KME Minerals (Ethiopia) Holding S.C., has appointed CBE Capital Investment Bank as adviser for a proposed issuance of U.S. dollar-denominated, gold-linked preference shares aimed at selected financial institutions in Ethiopia.

The announcement was made at the Ethio-British Business Investment Forum in London. According to the company, the proposed instrument — dubbed “Gold Preference Shares” — is intended to support growth in Ethiopia’s gold and critical minerals sector while also strengthening ties with major Ethiopian financial institutions.

KEFI said the preference shares would be redeemable at the end of an eight-year term and would carry an annual 15 percent coupon. Investors would also receive an additional return if the gold price received by KEFI exceeds the price prevailing at the time of issuance.

The company said the proceeds are expected to support expansion opportunities and future growth initiatives, with no dilution for shareholders at the listed parent company level.

Ethiopia Launches Groundbreaking “Makatet Roadmap”, Ushering in an Era of Refugee Inclusion

0

The Government of Ethiopia has officially launched the Makatet Roadmap in Addis Ababa, marking a historic turning point in its approach to refugee protection.

Developed through an intense, nationally driven process involving federal and regional institutions, development partners, UN agencies, civil society and refugee representatives, this comprehensive framework established a unified blueprint for the socio-economic inclusion of refugees while significantly benefiting their gracious host communities. By shifting from temporary humanitarian relief to sustainable, government-led development planning, the roadmap set out to transform existing camp structures into cohesive, self-sustaining human settlements integrated with national service delivery systems.

The high-level gathering at the Adwa Museum served as a national platform to present the finalized multisectoral framework and secure collective investment for its operational phase. The framework has officially been launched by Ethiopia’s Honorable Speaker of the HPRs Ato Tagesse Chaffo and the UN High Commissioner for Refugees, culminating in a cultural performance refugee youth group.

70% of Ethiopian households do not purchase toothpaste, new Worldpanel by Numerator data shows

0

New data from Worldpanel by Numerator suggests that oral hygiene products are not part of the regular shopping habits of many Ethiopian households, with around seven in ten households not purchasing toothpaste in the past year.

The findings point to a significant gap in the adoption of one of the most widely recommended preventive oral health practices: regular toothbrushing with fluoride toothpaste.

Across much of Africa, toothpaste is a staple household product and category penetration typically exceeds 95%. Ethiopia stands apart, with the majority of households not participating in the category at all. The data suggests that the challenge is not simply one of low consumption, but of limited adoption. Many households continue to rely on traditional oral care methods such as chewing sticks and miswak, while factors including affordability pressures, limited product availability in some areas and lower awareness of preventive oral healthcare may also contribute to low toothpaste usage.